Real-Time Real Estate Market Report

Farmington, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Farmington, NM

Tue Jul 01 2025
This week the median list price for Farmington, NM is $385,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 81. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Farmington, NM

Tue Jul 01 2025
This week the median list price for Farmington, NM is $385,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 81. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Farmington market.
Median List Price $385,000
Median Price of New Listings $335,000
Per Square Foot $182
Average Days on Market 98
Median Days on Market 56
Price Decreased 36%
Price Increased 1%
Relisted 12%
Inventory 81
Median Rent
Market Action 52
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$797,900 3,660 0.5 - 1 acre 4 3 28 1 5 154
$432,400 2,278 0.25 - 0.5 acre 4 2 45 1 3 80
$354,950 1,909 8,000 - 10,000 sqft 3 2 44 3 0 35
$272,500 1,507 6,500 - 8,000 sqft 3 2 61 3 6 21