Hoye Home Team's Market Report

Farmington, CT

Single-Family Homes

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



Farmington, CT

Sat Sep 30 2023
This week the median list price for Farmington, CT is $1,415,000 with the market action index hovering around 54. This is an increase over last month's market action index of 47. Inventory has decreased 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

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Farmington, CT

Sat Sep 30 2023
This week the median list price for Farmington, CT is $1,415,000 with the market action index hovering around 54. This is an increase over last month's market action index of 47. Inventory has decreased 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

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $1,415,000
Median Price of New Listings $649,900
Per Square Foot $262
Average Days on Market 169
Median Days on Market 105
Price Decreased 40%
Price Increased 7%
Relisted 7%
Inventory 15
Median Rent
Market Action 54
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$2,495,000 7,747 2.5 - 5 acres 5 7 89 0 0 483
$1,668,900 7,289 2.5 - 5 acres 5 6.5 33 0 0 119
$1,284,450 6,054 2.5 - 5 acres 5 5.3 32 2 0 70
$414,950 1,594 0.5 - 1 acre 3 2 70 1 1 21