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Dakota Times

Wednesday, November 6, 2024

Home prices increased in Farmington during March 2021

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The median sale price of a home sold in March 2021 in Farmington rose by $24,100 while total sales decreased by 35.9%, according to BlockShopper.com.

In March 2021, there were 25 homes sold, with a median sale price of $285,000 - a 9.2% increase over the $260,900 median sale price for the same period of the previous year. There were 39 homes sold in Farmington in March 2020.

The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1.3% of the median home sale price for March 2021.

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

CityMar. 2021 Home SalesMar. 2020 Home Sales% change (Total Home Sales)Mar. 2021 Median Sales PriceMar. 2020 Median Sales Price% change (Median Sales Price)
Randolph14-75%$325,000$503,250-35.4%
Rosemount2425-4%$321,800$305,0005.5%
Eagan6264-3.1%$318,000$226,00040.7%
Hampton20-$317,500$0-
Burnsville786520%$306,250$284,6257.6%
Farmington2539-35.9%$285,000$260,9009.2%
Inver Grove Heights2126-19.2%$265,000$225,87517.3%
Apple Valley736315.9%$260,000$264,000-1.5%
Hastings3517105.9%$255,000$268,750-5.1%
South St. Paul2530-16.7%$229,900$217,7505.6%
West St. Paul1823-21.7%$210,000$218,000-3.7%

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