In November 2021, there were 32 homes sold, with a median sale price of $340,000 - a 26.2% increase over the $269,500 median sale price for the same period of the previous year. There were 22 homes sold in Farmington in November 2020.
The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1.1% of the median home sale price for November 2021.
The following table compares Farmington to other Dakota County cities with similar median sale prices in November 2021:
| City | Nov. 2021 Home Sales | Nov. 2020 Home Sales | % change (Total Home Sales) | Nov. 2021 Median Sales Price | Nov. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Randolph | 1 | 1 | 0% | $650,000 | $374,900 | 73.4% |
| Mendota Heights | 12 | 7 | 71.4% | $482,500 | $413,000 | 16.8% |
| Empire | 2 | 1 | 100% | $442,500 | $380,000 | 16.4% |
| Nininger | 1 | 0 | - | $395,000 | $0 | - |
| Lakeville | 49 | 63 | -22.2% | $385,000 | $339,518 | 13.4% |
| Farmington | 32 | 22 | 45.5% | $340,000 | $269,500 | 26.2% |
| Burnsville | 42 | 45 | -6.7% | $339,650 | $310,900 | 9.2% |
| Apple Valley | 56 | 57 | -1.8% | $325,000 | $280,000 | 16.1% |
| Hampton | 2 | 3 | -33.3% | $322,450 | $295,000 | 9.3% |
| Inver Grove Heights | 39 | 28 | 39.3% | $315,000 | $268,000 | 17.5% |
| Rosemount | 26 | 18 | 44.4% | $300,000 | $292,500 | 2.6% |
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