Farmington home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Farmington rose by $17,600 while total sales decreased by 43.8%, according to BlockShopper.com.

In January 2020, there were 18 homes sold, with a median sale price of $257,500 - a 7.3% increase over the $239,900 median sale price for the same period of the previous year. There were 32 homes sold in Farmington in January 2019.

The median sales tax in Farmington for the most recent year with available data, 2019, was $3,656, approximately 1.4% of the median home sale price for January 2020.

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

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Mendota Heights
7
6
16.7%
$316,000
$492,500
-35.8%
Rosemount
20
15
33.3%
$292,000
$259,000
12.7%
Eagan
46
44
4.5%
$287,500
$272,500
5.5%
Lilydale
1
0
-
$280,000
$0
-
Castle Rock
1
0
-
$264,000
$0
-
Farmington
18
32
-43.8%
$257,500
$239,900
7.3%
Nininger
1
1
0%
$250,000
$292,000
-14.4%
Burnsville
36
50
-28%
$250,000
$232,700.50
7.4%
Inver Grove Heights
19
28
-32.1%
$240,000
$224,950
6.7%
Apple Valley
41
51
-19.6%
$233,500
$260,900
-10.5%
West St. Paul
15
19
-21.1%
$228,000
$185,000
23.2%

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