87401 Home Values & Market Trends
There are 449 homes currently listed for 87401. 87401 real estate market trends show that home prices range from $61,999 to $1,700,000, and the median sales price in the 87401 zip code is $309,992. The total number of properties sold within the past twelve months is 403. In 87401, 26 properties are in foreclosure, 6 are bank owned properties,and 6 are headed for auction.
87401 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Farmington | $ 325,000 $ 197/sqft |
Housing Market Summary for 87401
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $325K | $382.5K | 17.69% |
| Median Sold Price | $272.7K | $296.9K | 8.87% |
| Homes For Sale | 330 | 445 | 34.85% |
| Homes Sold | 158 | 183 | 15.82% |
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 87401
Browse Homes in 87401
The median list price of a home in Farmington, is $309,992. A total of 449 properties are for sale, and the percentage of properties for sale in the zip code is 449.00%. The total count of 87401 properties is 723.
- Pre-ForeclosurePre-foreclosure homes account for 1.94% of all residential properties in 87401 with farmington containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87401; of that cities, the estimated home value for pre-foreclosure homes ranges from $607,396 in farmington to the lowest home value of $176,698 in farmington.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 87401 ranges from the highest value of $425,000 in farmington to the lowest value of $170,000 in farmington. Bank owned homes and properties account for 0.83% of properties in 87401. There is 1 cities within 87401; farmington containing 7 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsfarmington has 8 auction properties, the highest number of properties going to auction in a single city in the state of 87401. Auction homes and other auction properties account for 0.83% of all properties in 87401. There is 1 cities within 87401; of that cities, the median estimated home value for homes going to auction ranges from $364,457 in farmington to the lowest value of $182,000 in farmington.
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Guide for 87401
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.
