In May 2018, there were 39 homes sold, with a median sale price of $250,000 - a 2.9% increase over the $243,000 median sale price for the same period of the previous year. There were 72 homes sold in Farmington in May 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 May 2018.
The following table compares Farmington to other Dakota County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeville | 100 | 117 | -14.5% | $310,461.50 | $265,000 | 17.2% |
| Eureka Center | 1 | 2 | -50% | $298,000 | $415,250 | -28.2% |
| Eagan | 112 | 90 | 24.4% | $287,500 | $223,250 | 28.8% |
| Rosemount | 33 | 34 | -2.9% | $268,500 | $293,000 | -8.4% |
| Apple Valley | 89 | 113 | -21.2% | $252,000 | $235,000 | 7.2% |
| Farmington | 39 | 72 | -45.8% | $250,000 | $243,000 | 2.9% |
| Burnsville | 107 | 110 | -2.7% | $242,500 | $255,761 | -5.2% |
| Hastings | 47 | 59 | -20.3% | $225,000 | $205,000 | 9.8% |
| Inver Grove Heights | 54 | 42 | 28.6% | $219,000 | $207,000 | 5.8% |
| Northfield | 1 | 6 | -83.3% | $219,000 | $213,000 | 2.8% |
| West St. Paul | 21 | 34 | -38.2% | $215,900 | $182,500 | 18.3% |
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