From January through March of 2017, there were 105 homes sold, with a median sale price of $219,000 - a 9.6% increase over the $199,900 median sale price for the same period of the previous year. There were 98 homes sold in Farmington in the first quarter of 2016.
The median sales tax in Farmington for the most recent year with available data, 2014, was $2,592, approximately 1.2% of the median home sale price for the first quarter of 2017.
The following table compares Farmington to other Dakota County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Empire | 11 | 9 | 22.2% | $275,000 | $195,000 | 41% |
| Lakeville | 154 | 249 | -38.2% | $273,450 | $262,500 | 4.2% |
| Vermillion | 4 | 3 | 33.3% | $269,000 | $145,000 | 85.5% |
| Eagan | 158 | 162 | -2.5% | $241,000 | $232,750 | 3.5% |
| Rosemount | 70 | 74 | -5.4% | $230,000 | $246,000 | -6.5% |
| Farmington | 105 | 98 | 7.1% | $219,000 | $199,900 | 9.6% |
| Burnsville | 173 | 199 | -13.1% | $216,000 | $214,900 | 0.5% |
| Castle Rock | 5 | 2 | 150% | $215,000 | $242,500 | -11.3% |
| Apple Valley | 166 | 175 | -5.1% | $199,100 | $188,000 | 5.9% |
| Inver Grove Heights | 64 | 90 | -28.9% | $189,900 | $179,950 | 5.5% |
| Hastings | 92 | 80 | 15% | $183,730 | $169,550 | 8.4% |
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