The median sale price of a home sold in October 2020 in Farmington rose by $57,650 while total sales decreased by 5.9%, according to BlockShopper.com.
In October 2020, there were 32 homes sold, with a median sale price of $319,250 - a 22% increase over the $261,600 median sale price for the same period of the previous year. There were 34 homes sold in Farmington in October 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 October 2020.
The following table compares Farmington to other Dakota County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Castle Rock | 2 | 0 | - | $366,500 | $0 | - |
| Lakeville | 55 | 68 | -19.1% | $357,000 | $305,000 | 17% |
| Rosemount | 29 | 30 | -3.3% | $332,000 | $333,950 | -0.6% |
| Mendota Heights | 6 | 17 | -64.7% | $329,500 | $356,985 | -7.7% |
| Eagan | 40 | 81 | -50.6% | $327,500 | $285,500 | 14.7% |
| Farmington | 32 | 34 | -5.9% | $319,250 | $261,600 | 22% |
| Apple Valley | 55 | 69 | -20.3% | $307,000 | $283,500 | 8.3% |
| Northfield | 5 | 5 | 0% | $300,000 | $225,000 | 33.3% |
| Hastings | 26 | 39 | -33.3% | $297,450 | $230,000 | 29.3% |
| Burnsville | 45 | 76 | -40.8% | $269,000 | $278,000 | -3.2% |
| Hampton | 5 | 1 | 400% | $265,000 | $10,000 | 2550% |
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