In June 2020, there were 31 homes sold, with a median sale price of $299,900 - a 11.9% increase over the $268,000 median sale price for the same period of the previous year. There were 67 homes sold in Farmington in June 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 June 2020.
The following table compares Farmington to other Dakota County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Northfield | 5 | 4 | 25% | $369,900 | $406,950 | -9.1% |
| Rosemount | 23 | 46 | -50% | $367,000 | $270,000 | 35.9% |
| Eagan | 57 | 128 | -55.5% | $325,000 | $302,000 | 7.6% |
| Lakeville | 44 | 102 | -56.9% | $310,000 | $323,000 | -4% |
| Empire | 3 | 2 | 50% | $305,000 | $387,500 | -21.3% |
| Farmington | 31 | 67 | -53.7% | $299,900 | $268,000 | 11.9% |
| Burnsville | 49 | 104 | -52.9% | $290,000 | $275,000 | 5.5% |
| Apple Valley | 58 | 102 | -43.1% | $280,000 | $287,500 | -2.6% |
| Hastings | 32 | 41 | -22% | $274,450 | $258,100 | 6.3% |
| West St. Paul | 11 | 34 | -67.6% | $265,225 | $252,500 | 5% |
| Randolph | 2 | 2 | 0% | $255,000 | $522,500 | -51.2% |
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