Hoye Home Team's Market Report

Farmington, CT

Single-Family Homes

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



Farmington, CT

Fri Apr 23 2021
This week the median list price for Farmington, CT is $749,900 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has held steady at or around 23. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Farmington, CT

Fri Apr 23 2021
This week the median list price for Farmington, CT is $749,900 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has held steady at or around 23. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $749,900
Per Square Foot $181
Days on Market 14
Price Decreased 17%
Price Increased 9%
Relisted 4%
Inventory 23
Median Rent $1,750
Most Expensive $3,850,000
Least Expensive $299,000
Market Action 62
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,489,000 7,100 5 - 10 acres 5 5 29 1 0 161
$824,000 4,730 1 - 2.5 acres 4 4 16 2 1 10
$617,000 3,430 0.5 - 1 acre 4 3 36 2 2 31
$374,500 1,870 0.5 - 1 acre 3 2 72 3 2 3