The median sale price of a home sold in May 2021 in Farmington rose by $19,500 while total sales decreased by 55%, according to BlockShopper.com.
In May 2021, there were 18 homes sold, with a median sale price of $315,000 - a 6.6% increase over the $295,500 median sale price for the same period of the previous year. There were 40 homes sold in Farmington in May 2020.
The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1.2% of the median home sale price for May 2021.
The following table compares Farmington to other Dakota County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Northfield | 1 | 4 | -75% | $520,000 | $415,000 | 25.3% |
| Rosemount | 17 | 21 | -19% | $360,000 | $310,800 | 15.8% |
| Lakeville | 47 | 65 | -27.7% | $359,000 | $318,000 | 12.9% |
| Eagan | 65 | 68 | -4.4% | $350,000 | $313,500 | 11.6% |
| Burnsville | 41 | 57 | -28.1% | $350,000 | $295,000 | 18.6% |
| Farmington | 18 | 40 | -55% | $315,000 | $295,500 | 6.6% |
| Hampton | 2 | 0 | - | $313,250 | $0 | - |
| Apple Valley | 36 | 70 | -48.6% | $276,000 | $285,750 | -3.4% |
| South St. Paul | 13 | 19 | -31.6% | $275,000 | $225,000 | 22.2% |
| Inver Grove Heights | 29 | 29 | 0% | $270,000 | $242,500 | 11.3% |
| Hastings | 26 | 31 | -16.1% | $270,000 | $279,000 | -3.2% |
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