$2,995,000
4,495 SqFt
5 Beds
•6 Full Baths
#50301781, Joseph Udoni, Listing Office: United Country-Udoni & Salan Realty
Is Farmington, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$342,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,000(-6.3%)
Key Takeaway
Homes in Farmington have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Farmington was $342,000 in November 2024, down 6.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | - | N/A |
| 2 Bedrooms | $460K | $275K | -40.2% |
| 3 Bedrooms | $315K | $305K | -3.2% |
| 4 Bedrooms | $386K | $600K | +55.4% |
| 5+ Bedrooms | - | $887.5K | N/A |
Summary: Farmington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 55.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waupaca | $262.2K | $300K | +14.4% |
| Farmington | $365K | $342K | -6.3% |
Housing Supply in Farmington, WI
How many homes are available in Farmington, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Farmington real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Farmington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Farmington in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Farmington, WI
We’re sorry, we don't have information for this market at the moment
