Hoye Home Team's Market Report

Farmington, CT 06032

Single-Family Homes

Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875



Farmington, CT 06032

Fri Mar 05 2021
This week the median list price for Farmington, CT 06032 is $779,900 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 21. Click here to stay informed with the Farmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Farmington, CT 06032

Fri Mar 05 2021
This week the median list price for Farmington, CT 06032 is $779,900 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 21. Click here to stay informed with the Farmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $779,900
Per Square Foot $173
Days on Market 84
Price Decreased 19%
Price Increased 0%
Relisted 14%
Inventory 21
Median Rent $1,850
Most Expensive $3,850,000
Least Expensive $249,900
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,499,999 7,496 5 - 10 acres 5 6 9 1 0 112
$899,900 5,800 1 - 2.5 acres 5 5 29 1 0 28
$670,000 3,500 1 - 2.5 acres 4 3 25 0 2 329
$481,500 2,708 0.5 - 1 acre 4 2 30 1 2 7