In June 2017, there were 72 homes sold, with a median sale price of $254,425 - a 13.1% increase over the $224,950 median sale price for the same period of the previous year. There were 70 homes sold in Farmington in June 2016.
The median sales tax in Farmington for the most recent year with available data, 2014, was $2,592, approximately 1% of the median home sale price for June 2017.
The following table compares Farmington to other Dakota County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeville | 135 | 153 | -11.8% | $299,900 | $298,000 | 0.6% |
| Vermillion | 1 | 2 | -50% | $287,500 | $183,400 | 56.8% |
| Eagan | 131 | 140 | -6.4% | $260,000 | $261,000 | -0.4% |
| Burnsville | 107 | 124 | -13.7% | $259,900 | $243,000 | 7% |
| Rosemount | 51 | 59 | -13.6% | $257,500 | $250,500 | 2.8% |
| Farmington | 72 | 70 | 2.9% | $254,425 | $224,950 | 13.1% |
| Hampton | 3 | 1 | 200% | $226,500 | $237,800 | -4.8% |
| Apple Valley | 144 | 134 | 7.5% | $219,950 | $246,250 | -10.7% |
| Castle Rock | 2 | 1 | 100% | $218,000 | $382,000 | -42.9% |
| Empire | 10 | 11 | -9.1% | $216,000 | $264,620 | -18.4% |
| West St. Paul | 38 | 33 | 15.2% | $210,750 | $177,000 | 19.1% |
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