In March 2022, there were 25 homes sold, with a median sale price of $327,900 - a 16.2% increase over the $282,250 median sale price for the same period of the previous year. There were 26 homes sold in Farmington in March 2021.
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 March 2022.
The following table compares Farmington to other Dakota County cities with similar median sale prices in March 2022:
| City | Mar. 2022 Home Sales | Mar. 2021 Home Sales | % change (Total Home Sales) | Mar. 2022 Median Sales Price | Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mendota Heights | 5 | 13 | -61.5% | $406,000 | $594,900 | -31.8% |
| Rosemount | 17 | 24 | -29.2% | $379,000 | $321,800 | 17.8% |
| Eagan | 57 | 68 | -16.2% | $345,000 | $318,000 | 8.5% |
| Vermillion | 1 | 0 | - | $341,500 | $0 | - |
| Burnsville | 66 | 79 | -16.5% | $329,800 | $306,500 | 7.6% |
| Farmington | 25 | 26 | -3.8% | $327,900 | $282,250 | 16.2% |
| Apple Valley | 62 | 74 | -16.2% | $327,750 | $260,000 | 26.1% |
| Inver Grove Heights | 30 | 24 | 25% | $316,750 | $271,000 | 16.9% |
| West St. Paul | 12 | 19 | -36.8% | $315,000 | $215,000 | 46.5% |
| Hastings | 32 | 36 | -11.1% | $285,000 | $254,000 | 12.2% |
| Hampton | 1 | 2 | -50% | $276,500 | $317,500 | -12.9% |
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