In July 2021, there were 37 homes sold, with a median sale price of $314,000 - a 0.8% increase over the $311,500 median sale price for the same period of the previous year. There were 40 homes sold in Farmington in July 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 July 2021.
The following table compares Farmington to other Dakota County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hampton | 1 | 5 | -80% | $385,000 | $230,000 | 67.4% |
| Lakeville | 72 | 111 | -35.1% | $377,700 | $350,000 | 7.9% |
| Apple Valley | 60 | 72 | -16.7% | $338,500 | $280,750 | 20.6% |
| Burnsville | 72 | 82 | -12.2% | $335,000 | $290,950 | 15.1% |
| Eagan | 75 | 78 | -3.8% | $327,200 | $325,000 | 0.7% |
| Nininger | 2 | 3 | -33.3% | $322,500 | $350,000 | -7.9% |
| Farmington | 37 | 40 | -7.5% | $314,000 | $311,500 | 0.8% |
| Inver Grove Heights | 40 | 43 | -7% | $294,950 | $290,000 | 1.7% |
| Hastings | 36 | 38 | -5.3% | $287,500 | $258,750 | 11.1% |
| South St. Paul | 22 | 34 | -35.3% | $273,500 | $237,100 | 15.4% |
| West St. Paul | 22 | 17 | 29.4% | $262,500 | $202,100 | 29.9% |
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