In February 2022, there were 20 homes sold, with a median sale price of $338,500 - a 7.8% increase over the $313,950 median sale price for the same period of the previous year. There were 18 homes sold in Farmington in February 2021.
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 February 2022.
The following table compares Farmington to other Dakota County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eureka Center | 1 | 0 | - | $447,000 | $0 | - |
| Randolph | 1 | 1 | 0% | $410,000 | $299,900 | 36.7% |
| Castle Rock | 2 | 0 | - | $405,500 | $0 | - |
| Burnsville | 28 | 39 | -28.2% | $373,775 | $317,000 | 17.9% |
| Eagan | 33 | 42 | -21.4% | $360,000 | $280,000 | 28.6% |
| Farmington | 20 | 18 | 11.1% | $338,500 | $313,950 | 7.8% |
| Apple Valley | 27 | 38 | -28.9% | $313,500 | $271,250 | 15.6% |
| Lakeville | 26 | 56 | -53.6% | $307,500 | $332,500 | -7.5% |
| Inver Grove Heights | 26 | 35 | -25.7% | $290,000 | $269,900 | 7.4% |
| Hastings | 18 | 14 | 28.6% | $287,500 | $277,500 | 3.6% |
| Empire | 4 | 1 | 300% | $275,000 | $515,000 | -46.6% |
Alerts Sign-up