In May 2020, there were 21 homes sold, with a median sale price of $300,000 - a 16.7% increase over the $257,000 median sale price for the same period of the previous year. There were 51 homes sold in Farmington in May 2019.
The median sales tax in Farmington for the most recent year with available data, 2019, was $3,656, approximately 1.2% of the median home sale price for May 2020.
The following table compares Farmington to other Dakota County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Northfield | 2 | 4 | -50% | $362,500 | $252,500 | 43.6% |
| Lakeville | 35 | 96 | -63.5% | $335,000 | $303,875 | 10.2% |
| Rosemount | 10 | 59 | -83.1% | $321,200 | $282,000 | 13.9% |
| Eagan | 45 | 135 | -66.7% | $320,000 | $283,000 | 13.1% |
| Apple Valley | 41 | 121 | -66.1% | $303,000 | $265,500 | 14.1% |
| Farmington | 21 | 51 | -58.8% | $300,000 | $257,000 | 16.7% |
| Hastings | 18 | 59 | -69.5% | $279,000 | $245,000 | 13.9% |
| Inver Grove Heights | 17 | 58 | -70.7% | $276,000 | $243,750 | 13.2% |
| South St. Paul | 11 | 41 | -73.2% | $255,000 | $222,650 | 14.5% |
| West St. Paul | 10 | 33 | -69.7% | $240,000 | $225,000 | 6.7% |
| Burnsville | 35 | 94 | -62.8% | $237,500 | $252,450 | -5.9% |
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