In July 2020, there were 28 homes sold, with a median sale price of $321,000 - a 15.7% increase over the $277,500 median sale price for the same period of the previous year. There were 62 homes sold in Farmington in July 2019.
The median sales tax in Farmington for the most recent year with available data, 2019, was $3,656, approximately 1.1% of the median home sale price for July 2020.
The following table compares Farmington to other Dakota County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mendota Heights | 12 | 21 | -42.9% | $439,750 | $350,000 | 25.6% |
| Randolph | 1 | 3 | -66.7% | $368,000 | $335,000 | 9.9% |
| Lakeville | 77 | 112 | -31.3% | $345,000 | $324,500 | 6.3% |
| Eagan | 49 | 129 | -62% | $329,600 | $305,000 | 8.1% |
| Rosemount | 27 | 53 | -49.1% | $325,000 | $298,700 | 8.8% |
| Farmington | 28 | 62 | -54.8% | $321,000 | $277,500 | 15.7% |
| Vermillion | 3 | 1 | 200% | $320,000 | $250,000 | 28% |
| Apple Valley | 48 | 128 | -62.5% | $285,000 | $281,500 | 1.2% |
| Burnsville | 56 | 107 | -47.7% | $281,500 | $270,000 | 4.3% |
| Hampton | 3 | 6 | -50% | $275,000 | $274,000 | 0.4% |
| Inver Grove Heights | 26 | 61 | -57.4% | $269,950 | $270,000 | -0% |
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