The Downtown Farmington housing market is somewhat competitive. The median sale price of a home in Downtown Farmington was $335K last month, down 4.3% since last year. The median sale price per square foot in Downtown Farmington is $187, down 3.6% since last year.
What is the housing market like in Downtown Farmington today?
In March 2024, Downtown Farmington home prices were down 4.3% compared to last year, selling for a median price of $335K. On average, homes in Downtown Farmington sell after 41 days on the market compared to 53 days last year. There were 25 homes sold in March this year, up from 21 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$335,000
-4.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Farmington, MN
$335,000
-4.3%
United States
To compare other locations to the Downtown Farmington and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Farmington add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Farmington housing market?
Downtown Farmington is somewhat competitive. Homes sell in 41.5 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 42 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 days.
Learn about schools in the Downtown Farmington area
Elementary
Middle
High
GreatSchools Rating
6/10
Riverview Elementary School
Public • PreK-5
789
Students
3 reviews
4/10
Farmington Elementary School
Public • PreK-5
630
Students
2 reviews
NR
Esy
Public • 1-12
-
Students
N/A
NR
Gateway Academy
Public • 4-8
36
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Farmington housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Farmington.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Farmington has a minor risk of flooding. 164 properties in Downtown Farmington are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Downtown Farmington. Flood risk is increasing faster than the national average.
12% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Farmington has a minor risk of wildfire. There are 331 properties in Downtown Farmington that have some risk of being affected by wildfire over the next 30 years. This represents 12% of all properties in Downtown Farmington.
Downtown Farmington has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Farmington has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Downtown Farmington has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Farmington have a Minor Heat Factor®.
Downtown Farmington is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Downtown Farmington is expected to experience 8