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Minnesota State Wire

Thursday, November 7, 2024

Farmington home prices rise in November 2020

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The median sale price of a home sold in November 2020 in Farmington rose by $50 while total sales decreased by 63.6%, according to BlockShopper.com.

In November 2020, there were 12 homes sold, with a median sale price of $289,950 - a 0% increase over the $289,900 median sale price for the same period of the previous year. There were 33 homes sold in Farmington in November 2019.

The median sales tax in Farmington for the most recent year with available data, 2019, was $3,656, approximately 1.3% of the median home sale price for November 2020.

The following table compares Farmington to other Dakota County cities with similar median sales prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Randolph10-$374,900$0-
Lilydale10-$350,000$0-
Lakeville3860-36.7%$337,259$327,0003.1%
Burnsville3155-43.6%$326,000$269,00021.2%
Apple Valley3463-46%$317,000$237,00033.8%
Farmington1233-63.6%$289,950$289,9000%
Eagan1964-70.3%$289,900$248,75016.5%
Rosemount1232-62.5%$269,499.50$287,650-6.3%
Inver Grove Heights2028-28.6%$264,950$246,6757.4%
South St. Paul818-55.6%$261,925$191,45036.8%
Hastings1130-63.3%$250,000$237,5005.3%

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