Hoye Home Team's Market Report
Farmington, CT
Single-Family Homes
Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875
Farmington, CT
Wed Apr 01 2026
This week the median list price for Farmington, CT is $1,369,949 with the market action index hovering around 47. This is an increase over last month's market action index of 43. Inventory has increased to 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,369,949 | |
| Median Price of New Listings | $459,900 | |
| Per Square Foot | $295 | |
| Average Days on Market | 115 | |
| Median Days on Market | 49 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Despite this week’s down tic, price trends have generally been moving up lately.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,000,000 | 10,461 | 5 - 10 acres | 8 | 9.5 | 41 | 0 | 1 | 203 |
| $1,539,999 | 5,557 | 2.5 - 5 acres | 4 | 5.5 | 27 | 0 | 0 | 115 |
| $699,900 | 2,824 | 0.5 - 1 acre | 4 | 2.5 | 39 | 1 | 0 | 49 |
| $399,950 | 1,394 | 4,500 - 6,500 sqft | 3 | 1.8 | 72 | 1 | 0 | 17 |