61531 Home Values & Market Trends

There are 7 homes currently listed for 61531. 61531 real estate market trends show that home prices range from $23,500 to $173,500, and the median sales price in the 61531 zip code is $121,539.5. The total number of properties sold within the past twelve months is 0. In 61531, 3 properties are in foreclosure, 0 are bank owned properties,and 0 are headed for auction.

61531 Real Estate Market Overview

CityMedian Est. Value
Farmington

$ 129,406

$ 80/sqft

Housing Market Summary for 61531

Apr 2023March 2024Change
Median Listing Price$99,200$160.4K61.68%
Median Sold Price$199.6K$160.4K-19.65%
Homes For Sale4525.00%
Homes Sold12100.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 61531

The median list price of a home in Farmington, is $121,539.5. A total of 7 properties are for sale, and the percentage of properties for sale in the zip code is 7.00%. The total count of 61531 properties is 1,242.

Foreclosure
There is 1 cities within 61531; within this cities, the median estimated home value for homes in foreclosure ranges from $120,254 in farmington to the lowest value of $38,761 in farmington. Foreclosure homes account for 0.00% of properties in 61531 with farmington containing 3 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.24% of all residential properties in 61531 with farmington containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61531; of that cities, the estimated home value for pre-foreclosure homes ranges from $120,254 in farmington to the lowest home value of $38,761 in farmington.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61531 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 61531. There is 1 cities within 61531; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 61531. Auction homes and other auction properties account for 0% of all properties in 61531. There is 1 cities within 61531; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.56% of residential properties in 61531 with farmington containing 7 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61531; homes for sale in that cities, have a range of median values from $224,718 in farmington to the lowest value of $57,878 in farmington.
    Sold Homes
    The median value for recently sold homes ranges from $226,311 in farmington to the lowest price of $92,038 in farmington. There is 1 cities within 61531. farmington has 2 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 0.16% of properties in 61531.

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      Guide for 61531

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Recently Listed Homes 61531

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