Real-Time Real Estate Market Report

Farmington, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Farmington, NM

Thu Feb 06 2025
This week the median list price for Farmington, NM is $372,450 with the market action index hovering around 44. This is an increase over last month's market action index of 38. Inventory has decreased to 68. 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.

Slight Seller's Advantage

Market Narrative

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, NM

Thu Feb 06 2025
This week the median list price for Farmington, NM is $372,450 with the market action index hovering around 44. This is an increase over last month's market action index of 38. Inventory has decreased to 68. 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.

Slight Seller's Advantage

Market Narrative

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 $372,450
Median Price of New Listings $259,000
Per Square Foot $190
Average Days on Market 138
Median Days on Market 74
Price Decreased 34%
Price Increased 1%
Relisted 13%
Inventory 68
Median Rent
Market Action 44
Slight Seller's Advantage

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
$849,900 4,452 0.5 - 1 acre 4 3.5 30 2 3 154
$429,900 2,042 0.25 - 0.5 acre 4 2 21 2 1 112
$310,000 1,692 8,000 - 10,000 sqft 3 2 47 2 3 14
$239,000 1,341 8,000 - 10,000 sqft 3 2 61 9 3 42