87402 Home Values & Market Trends
There are 198 homes currently listed for 87402. 87402 real estate market trends show that home prices range from $139,500 to $779,000, and the median sales price in the 87402 zip code is $364,270. The total number of properties sold within the past twelve months is 160. In 87402, 9 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.
87402 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Farmington | $ 325,000 $ 197/sqft |
Housing Market Summary for 87402
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $312.5K | $367.5K | 17.60% |
| Median Sold Price | $243.4K | $293.6K | 20.64% |
| Homes For Sale | 129 | 202 | 56.59% |
| Homes Sold | 60 | 62 | 3.33% |
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 87402
Browse Homes in 87402
The median list price of a home in Farmington, is $364,270. A total of 198 properties are for sale, and the percentage of properties for sale in the zip code is 198.00%. The total count of 87402 properties is 289.
- Pre-ForeclosurePre-foreclosure homes account for 2.08% of all residential properties in 87402 with farmington containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87402; 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 87402 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 0.35% of properties in 87402. There is 1 cities within 87402; 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 87402. Auction homes and other auction properties account for 0.69% of all properties in 87402. There is 1 cities within 87402; 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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More Real Estate Resources for 87402
Guide for 87402
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.
