Hoye Home Team's Market Report

Farmington, CT

Single-Family Homes

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



Farmington, CT

Sun May 11 2025
This week the median list price for Farmington, CT is $1,062,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has increased to 10. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Farmington, CT

Sun May 11 2025
This week the median list price for Farmington, CT is $1,062,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has increased to 10. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $1,062,000
Median Price of New Listings $651,950
Per Square Foot $250
Average Days on Market 50
Median Days on Market 14
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 66
Strong Seller's Market

The market seems to have paused around this plateau. 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
$2,420,000 6,980 2.5 - 5 acres 5 6.3 60 0 0 203
$1,374,999 6,597 1 - 2.5 acres 5 5.3 31 0 1 31
$1,025,000 4,066 0.5 - 1 acre 4 4 75 2 0 0
$524,900 1,558 0.5 - 1 acre 4 2 71 2 1 0