Farmington, MI Home Values & Market Trends
Real estate market trends reflect that there have been 186 transactions over the past year in Farmington. The median value for residential home transactions that occurred over the previous year is $362,555. The number of current listings in Farmington is 169, and the percentage of properties for sale in the city is 169.00%. Farmington, MI currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 169 properties for sale.
Farmington, MI Real Estate Market Overview
Housing Market Summary for Farmington, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $327.4K | $327K | -0.14% |
| Median Sold Price | $352.1K | $290.4K | -17.52% |
| Homes For Sale | 99 | 171 | 72.73% |
| Homes Sold | 122 | 57 | -53.28% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Farmington, MI
Browse Homes in Farmington, MI
Farmington home values range from $59,705 to $1,794,572. The median estimated value of a home in Farmington is $362,555. The median list price of a home is 327,000, and the total count of properties in the city is 233.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Farmington, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Farmington, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Farmington, MI 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 Farmington, MI. There are 4 zips within Farmington, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48331 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Farmington, MI. Auction homes and other auction properties account for 1.29% of all properties in Farmington, MI. There are 4 zips within Farmington, MI; of those zips, the median estimated home value for homes going to auction ranges from $676,996 in 48335 to the lowest value of $69,839 in 48335.
Compare Nearby Cities
More Real Estate Resources for Farmington, MI
Guide for Farmington, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
