Hoye Home Team's Market Report

Farmington, CT

Single-Family Homes

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



Farmington, CT

Sun Sep 14 2025
This week the median list price for Farmington, CT is $980,000 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 15. 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Farmington, CT

Sun Sep 14 2025
This week the median list price for Farmington, CT is $980,000 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 15. 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $980,000
Median Price of New Listings $1,247,500
Per Square Foot $238
Average Days on Market 54
Median Days on Market 28
Price Decreased 33%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 56
Strong Seller's Market

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
$2,569,000 7,925 2.5 - 5 acres 6 7.8 32 1 2 52
$1,247,500 5,013 1 - 2.5 acres 4 4.8 23 2 1 7
$699,000 2,542 0.5 - 1 acre 4 2.8 44 0 1 31
$500,000 2,388 1 - 2.5 acres 3 2 70 1 1 28