The median sale price of a home sold in March 2017 in Farmington rose by $26,000 while total sales increased by 10.6%, according to BlockShopper.com.
In March 2017, there were 52 homes sold, with a median sale price of $226,000 – a 13% increase over the $200,000 median sale price for the same period of the previous year. There were 47 homes sold in Farmington in March 2016.
The median sales tax in Farmington for the most recent year with available data, 2014, was $2,592, approximately 1.1% of the median home sale price for March 2017.
The following table compares Farmington to other Dakota County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eureka Center | 1 | 0 | – | $282,000 | $0 | – |
| Nininger | 1 | 0 | – | $280,000 | $0 | – |
| Eagan | 79 | 68 | 16.2% | $244,500 | $234,500 | 4.3% |
| Rosemount | 39 | 31 | 25.8% | $230,000 | $232,515 | -1.1% |
| Burnsville | 77 | 77 | 0% | $229,000 | $230,000 | -0.4% |
| Farmington | 52 | 47 | 10.6% | $226,000 | $200,000 | 13% |
| Vermillion | 2 | 0 | – | $225,500 | $0 | – |
| Apple Valley | 73 | 80 | -8.8% | $209,987 | $185,450 | 13.2% |
| Lilydale | 1 | 3 | -66.7% | $197,500 | $229,900 | -14.1% |
| Inver Grove Heights | 27 | 33 | -18.2% | $193,000 | $180,000 | 7.2% |
| Hastings | 38 | 27 | 40.7% | $187,500 | $190,000 | -1.3% |
