In July 2018, there were 44 homes sold, with a median sale price of $251,360 - a 1.6% increase over the $247,400 median sale price for the same period of the previous year. There were 49 homes sold in Farmington in July 2017.
The median sales tax in Farmington for the most recent year with available data, 2014, was $2,592, approximately 1% of the median home sale price for July 2018.
The following table compares Farmington to other Dakota County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeville | 69 | 88 | -21.6% | $300,000 | $273,900 | 9.5% |
| Apple Valley | 85 | 98 | -13.3% | $274,900 | $235,000 | 17% |
| Eagan | 98 | 90 | 8.9% | $269,447.50 | $281,850 | -4.4% |
| Hampton | 1 | 1 | 0% | $268,000 | $219,900 | 21.9% |
| Burnsville | 99 | 86 | 15.1% | $254,000 | $248,218 | 2.3% |
| Farmington | 44 | 49 | -10.2% | $251,359.79 | $247,400 | 1.6% |
| Rosemount | 40 | 41 | -2.4% | $250,500 | $272,500 | -8.1% |
| Northfield | 7 | 5 | 40% | $250,000 | $334,000 | -25.1% |
| West St. Paul | 22 | 25 | -12% | $242,500 | $204,000 | 18.9% |
| Hastings | 55 | 50 | 10% | $235,000 | $208,732.11 | 12.6% |
| Vermillion | 1 | 0 | - | $233,000 | $0 | - |
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