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Dakota Times

Wednesday, November 6, 2024

How did home prices perform in Farmington during January 2021?

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The median sale price of a home sold in January 2021 in Farmington rose by $52,950 while total sales increased by 23.8%, according to BlockShopper.com.

In January 2021, there were 26 homes sold, with a median sale price of $307,950 - a 20.8% increase over the $255,000 median sale price for the same period of the previous year. There were 21 homes sold in Farmington in January 2020.

The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1.2% of the median home sale price for January 2021.

The following table compares Farmington to other Dakota County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Mendota Heights78-12.5%$445,000$302,95046.9%
Castle Rock21100%$365,000$264,00038.3%
Randolph30-$340,000$0-
Lilydale21100%$331,000$280,00018.2%
Lakeville3638-5.3%$316,750$319,950-1%
Farmington262123.8%$307,950$255,00020.8%
Burnsville4041-2.4%$304,950$270,00012.9%
Northfield12-50%$299,100$314,225-4.8%
Hastings2427-11.1%$279,500$210,00033.1%
Eagan4449-10.2%$275,500$280,000-1.6%
Rosemount2122-4.5%$265,000$284,500-6.9%

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