In January 2022, there were eight homes sold, with a median sale price of $399,500 - a 35.2% increase over the $295,400 median sale price for the same period of the previous year. There were 28 homes sold in Farmington in January 2021.
The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1% of the median home sale price for January 2022.
The following table compares Farmington to other Dakota County cities with similar median sale prices in January 2022:
| City | Jan. 2022 Home Sales | Jan. 2021 Home Sales | % change (Total Home Sales) | Jan. 2022 Median Sales Price | Jan. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rosemount | 14 | 24 | -41.7% | $422,500 | $295,500 | 43% |
| Castle Rock | 1 | 2 | -50% | $420,000 | $365,000 | 15.1% |
| Lakeville | 21 | 41 | -48.8% | $417,000 | $323,000 | 29.1% |
| Northfield | 2 | 1 | 100% | $400,500 | $299,100 | 33.9% |
| Farmington | 8 | 28 | -71.4% | $399,500 | $295,400 | 35.2% |
| Empire | 1 | 2 | -50% | $390,000 | $252,000 | 54.8% |
| Mendota Heights | 6 | 8 | -25% | $382,500 | $437,500 | -12.6% |
| Apple Valley | 26 | 42 | -38.1% | $325,500 | $231,000 | 40.9% |
| Burnsville | 37 | 48 | -22.9% | $313,100 | $304,950 | 2.7% |
| Eagan | 29 | 53 | -45.3% | $275,000 | $290,000 | -5.2% |
| South St. Paul | 16 | 16 | 0% | $260,000 | $235,000 | 10.6% |
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