The median sale price of a home sold in May 2017 in Farmington rose by $13,050 while total sales increased by 24.1%, according to BlockShopper.com.
In May 2017, there were 72 homes sold, with a median sale price of $243,000 – a 5.7% increase over the $229,950 median sale price for the same period of the previous year. There were 58 homes sold in Farmington in May 2016.
The median sales tax in Farmington for the most recent year with available data, 2014, was $2,592, approximately 1.1% of the median home sale price for May 2017.
The following table compares Farmington to other Dakota County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rosemount | 34 | 46 | -26.1% | $293,000 | $255,450 | 14.7% |
| Randolph | 2 | 1 | 100% | $287,000 | $470,000 | -38.9% |
| Lakeville | 117 | 134 | -12.7% | $265,000 | $283,750 | -6.6% |
| Burnsville | 110 | 96 | 14.6% | $255,761 | $253,250 | 1% |
| Hampton | 3 | 2 | 50% | $244,285 | $198,000 | 23.4% |
| Farmington | 72 | 58 | 24.1% | $243,000 | $229,950 | 5.7% |
| Waterford | 1 | 1 | 0% | $240,000 | $435,000 | -44.8% |
| Apple Valley | 113 | 127 | -11% | $235,000 | $230,000 | 2.2% |
| Eagan | 90 | 110 | -18.2% | $223,250 | $256,500 | -13% |
| Northfield | 6 | 1 | 500% | $213,000 | $164,900 | 29.2% |
| Vermillion | 4 | 1 | 300% | $207,500 | $760,000 | -72.7% |
