Hoye Home Team's Market Report

Farmington, CT

Single-Family Homes

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



Farmington, CT

Fri Jul 11 2025
This week the median list price for Farmington, CT is $724,900 with the market action index hovering around 79. This is less than last month's market action index of 81. Inventory has held steady at or around 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Farmington, CT

Fri Jul 11 2025
This week the median list price for Farmington, CT is $724,900 with the market action index hovering around 79. This is less than last month's market action index of 81. Inventory has held steady at or around 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $724,900
Median Price of New Listings $349,900
Per Square Foot $295
Average Days on Market 69
Median Days on Market 28
Price Decreased 27%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 79
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
$1,650,000 7,925 0.5 - 1 acre 6 6.5 28 1 1 259
$988,000 3,842 1 - 2.5 acres 4 2.5 36 0 0 42
$625,000 2,388 0.5 - 1 acre 4 2 70 0 1 14
$344,450 960 0.5 - 1 acre 2 1 72 2 0 0