In May, there were 30 homes sold, with a median sale price of $377,500 - an 18.9 percent increase over the $317,500 median sale price for the same period of the previous year. There were 36 homes sold in Farmington in May 2021.
The median sales tax in Farmington for the most recent year with available data, 2020, was $3,822, approximately one percent of the median home sale price for May.
The following table compares Farmington to other Dakota County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Northfield | 2 | 1 | 100 | $605,175 | $520,000 | 16.4 |
| Vermillion | 1 | 0 | - | $570,123 | $0 | - |
| Hampton | 2 | 3 | -33.3 | $442,500 | $320,000 | 38.3 |
| Mendota Heights | 10 | 12 | -16.7 | $412,500 | $485,000 | -14.9 |
| Lakeville | 60 | 84 | -28.6 | $400,000 | $355,500 | 12.5 |
| Farmington | 30 | 36 | -16.7 | $377,500 | $317,500 | 18.9 |
| Empire | 4 | 5 | -20 | $375,050 | $225,000 | 66.7 |
| Rosemount | 30 | 33 | -9.1 | $365,000 | $336,500 | 8.5 |
| Eagan | 65 | 110 | -40.9 | $356,000 | $357,900 | -0.5 |
| Apple Valley | 56 | 62 | -9.7 | $350,000 | $280,650 | 24.7 |
| Inver Grove Heights | 31 | 46 | -32.6 | $325,000 | $289,500 | 12.3 |
Alerts Sign-up