Farmington, NM Real Estate & Property Data

Farmington Real Estate Market Trends
Last Updated: April 23, 2024

Accurate and comprehensive real estate data is critical for insight into Farmington, NM. ATTOM’s Farmington real estate data is updated daily, and current market trends show that in Farmington, NM a total of 823 residential properties have sold over the past year. With a median home price of $245,267 in Farmington and a total of 2 foreclosures. Get detailed property data for Farmington, NM instantly. ATTOM is your one-stop-shop for the Farmington property reports and real estate data you need in Farmington, NM.

Farmington Real Estate Market Trends
Total Residential Properties 22,531
Total Commercial Properties 1,468
Avg. Home Age (Single Family Home) 40 Years
Avg. Square Feet (Single Family Home) 1,768
Total 2024 Residential Sales (year-to-date) 101
% of Homes Seriously Underwater (Q2 2024) 0.71%
Total 2023 Residential Sales 767
% of Equity Rich Homes (Q2 2024) 27.57%
Effective 2023 Property Tax 0.49%
Total Foreclosure Filings (year-to-date) 3
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Farmington, NM Real Estate Overview

There were 823 residential properties sold in the past year in Farmington, NM. The median home value in Farmington, NM is $260,594. There are a total of 22,531 residential properties in the Farmington.

Median Sales Price i
$245,267
(Feb 2024)
+6.1%
year-over-year
y-o-y
  • February '24 Feb '24 $245,267
  • January '24 Jan '24 $239,054
  • December '23 Dec '23 $315,543
  • November '23 Nov '23 $246,320
  • October '23 Oct '23 $281,592
  • September '23 Sep '23 $277,777
  • August '23 Aug '23 $243,975
  • July '23 Jul '23 $250,000
  • June '23 Jun '23 $254,900
  • May '23 May '23 $256,124
  • April '23 Apr '23 $248,200
  • March '23 Mar '23 $246,203
Median Down Payment i
$21,743
(Feb 2024)
-29.9%
year-over-year
y-o-y
  • February '24 Feb '24 $21,743
  • January '24 Jan '24 $28,250
  • December '23 Dec '23 $60,632
  • November '23 Nov '23 $49,750
  • October '23 Oct '23 $34,500
  • September '23 Sep '23 $51,063
  • August '23 Aug '23 $45,862
  • July '23 Jul '23 $59,362
  • June '23 Jun '23 $41,656
  • May '23 May '23 $43,247
  • April '23 Apr '23 $39,000
  • March '23 Mar '23 $43,550
Number of Homes Sold i
47
(Feb 2024)
-4.1%
year-over-year
y-o-y
  • February '24 Feb '24 47
  • January '24 Jan '24 54
  • December '23 Dec '23 44
  • November '23 Nov '23 67
  • October '23 Oct '23 61
  • September '23 Sep '23 70
  • August '23 Aug '23 89
  • July '23 Jul '23 61
  • June '23 Jun '23 85
  • May '23 May '23 63
  • April '23 Apr '23 55
  • March '23 Mar '23 78
Number of Purchase Loans i
30
(Feb 2024)
-11.8%
year-over-year
y-o-y
  • February '24 Feb '24 30
  • January '24 Jan '24 31
  • December '23 Dec '23 30
  • November '23 Nov '23 43
  • October '23 Oct '23 36
  • September '23 Sep '23 40
  • August '23 Aug '23 68
  • July '23 Jul '23 42
  • June '23 Jun '23 64
  • May '23 May '23 43
  • April '23 Apr '23 41
  • March '23 Mar '23 56
Number of REFI Loans i
34
(Feb 2024)
+112.5%
year-over-year
y-o-y
  • February '24 Feb '24 34
  • January '24 Jan '24 23
  • December '23 Dec '23 26
  • November '23 Nov '23 24
  • October '23 Oct '23 24
  • September '23 Sep '23 21
  • August '23 Aug '23 35
  • July '23 Jul '23 23
  • June '23 Jun '23 20
  • May '23 May '23 21
  • April '23 Apr '23 20
  • March '23 Mar '23 22
Number of HELOC Loans i
5
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 9
  • December '23 Dec '23 6
  • November '23 Nov '23 5
  • October '23 Oct '23 11
  • September '23 Sep '23 5
  • August '23 Aug '23 9
  • July '23 Jul '23 9
  • June '23 Jun '23 7
  • May '23 May '23 13
  • April '23 Apr '23 18
  • March '23 Mar '23 8

Farmington, NM Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Farmington, NM Foreclosure Activity

There were a total of 2 Farmington, NM properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 2
  • September '23 Sep '23 N/A
  • August '23 Aug '23 2
  • July '23 Jul '23 N/A
  • June '23 Jun '23 3
  • May '23 May '23 N/A
  • April '23 Apr '23 6
  • March '23 Mar '23 1
Foreclosure Starts i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 4
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 2
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 6
  • March '23 Mar '23 1
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