Pat Holkesvig

Farmington, CA

Single-Family Homes

DRE No. 01393419


Current active inventory in Farmington, CA is very low. Keep this in mind when looking at this report.

Farmington, CA

Wed Jan 15 2025
This week the median list price for Farmington, CA is $449,000 with the market action index hovering around 17. This is less than last month's market action index of 18. Inventory has held steady at or around 1. 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 Buyer's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Farmington, CA

Wed Jan 15 2025
This week the median list price for Farmington, CA is $449,000 with the market action index hovering around 17. This is less than last month's market action index of 18. Inventory has held steady at or around 1. 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 Buyer's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $449,000
Median Price of New Listings $0
Per Square Foot $338
Average Days on Market 210
Median Days on Market 210
Price Decreased 100%
Price Increased 0%
Relisted 100%
Inventory 1
Median Rent
Market Action 17
Slight Buyer's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$449,000 1,325 5 - 10 acres 3 2 90 0 0 210