The Central Farmington housing market is somewhat competitive. The median sale price of a home in Central Farmington was $440K last month, up 50.7% since last year. The median sale price per square foot in Central Farmington is $157, up 1.3% since last year.
What is the housing market like in Central Farmington today?
In March 2024, Central Farmington home prices were up 50.7% compared to last year, selling for a median price of $440K. On average, homes in Central Farmington sell after 39 days on the market compared to 27 days last year. There were 15 homes sold in March this year, down from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$440,000
+50.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central Farmington, MN
$440,000
+50.7%
United States
To compare other locations to the Central 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 Central Farmington housing market?
Central Farmington is somewhat competitive. Homes sell in 37 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 6 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 37 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.8%
+1.6 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central Farmington, MN
99.8%
+1.6 pt
United States
Home offer insights for Central Farmington
Explore recent offers and recently sold homes in Central Farmington
Recent offers
View houses in Central Farmington that sold recently
Learn about schools in the Central Farmington area
Elementary
Middle
High
GreatSchools Rating
7/10
Meadowview Elementary School
Public • PreK-5
716
Students
2 reviews
6/10
Riverview Elementary School
Public • PreK-5
789
Students
3 reviews
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 Central Farmington housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Farmington.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Farmington has a minor risk of flooding. 74 properties in Central Farmington are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Central Farmington. Flood risk is increasing faster than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
Central Farmington has a minor risk of wildfire. There are 207 properties in Central Farmington that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in Central Farmington.
Central Farmington has minimal risk of severe winds over the next 30 years
Wind Factor
Central 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
Central Farmington has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Central Farmington have a Minor Heat Factor®.
Central Farmington is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Central Farmington is expected to experience 8