$62,000
Land
Listing Office: Realty Group LLC
Is Farmington, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Farmington has remained a Seller's Market.
Key Takeaway
Farmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmington, WI
How much do homes in Farmington, WI cost?
Median Sold Price
$281,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$88,100(-23.8%)
Key Takeaway
Homes in Farmington have sold for 23.8% less than they did a year ago.
Summary: The median home sold price in Farmington was $281,900 in October 2024, down 23.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $387K | +40.2% |
| 2 Bedrooms | - | $270K | N/A |
| 3 Bedrooms | $370K | $219.9K | -40.6% |
| 4 Bedrooms | $410K | $430.9K | +5.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Farmington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 40.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Osceola | $325K | $325K | 0.0% |
| Franconia Township | $510K | $480.9K | -5.7% |
| Farmington | $370K | $281.9K | -23.8% |
Housing Supply in Farmington, WI
How many homes are available in Farmington, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Farmington real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Farmington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farmington, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Farmington in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Farmington, WI
How long does it take to sell a home in Farmington, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +36.2% |
Summary: Homes in Farmington had an average of 31 days on market in Oct 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Farmington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Farmington; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
