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

Sat Jul 27 2024
This week the median list price for Farmington, CA is $1,874,500 with the market action index hovering around 27. This is less than last month's market action index of 32. Inventory has increased to 2. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Farmington, CA

Sat Jul 27 2024
This week the median list price for Farmington, CA is $1,874,500 with the market action index hovering around 27. This is less than last month's market action index of 32. Inventory has increased to 2. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $1,874,500
Median Price of New Listings $0
Per Square Foot $661
Average Days on Market 28
Median Days on Market 28
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 27
Slight Buyer's Advantage

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$2,900,000 4,250 N/A 4 3 20 0 0 21
$849,000 1,325 5 - 10 acres 3 2 89 0 0 35