In April, there were 22 homes sold, with a median sale price of $350,000 - an 11.1 percent increase over the $315,000 median sale price for the same period of the previous year. There were 49 homes sold in Farmington in April 2021.
The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately 1.1 percent of the median home sale price for April.
The following table compares Farmington to other Dakota County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Randolph | 1 | 2 | -50 | $425,000 | $267,500 | 58.9 |
| Mendota Heights | 12 | 16 | -25 | $412,000 | $355,500 | 15.9 |
| Lakeville | 59 | 98 | -39.8 | $410,000 | $372,500 | 10.1 |
| Burnsville | 49 | 70 | -30 | $397,000 | $320,000 | 24.1 |
| Rosemount | 23 | 31 | -25.8 | $375,000 | $373,500 | 0.4 |
| Farmington | 22 | 49 | -55.1 | $350,000 | $315,000 | 11.1 |
| Apple Valley | 61 | 92 | -33.7 | $347,000 | $310,500 | 11.8 |
| Eagan | 57 | 92 | -38 | $330,000 | $356,000 | -7.3 |
| Hastings | 25 | 21 | 19 | $315,000 | $250,000 | 26 |
| Inver Grove Heights | 29 | 50 | -42 | $297,500 | $291,250 | 2.1 |
| Hampton | 1 | 1 | 0 | $294,500 | $280,000 | 5.2 |
Alerts Sign-up