From April through June, there were 116 homes sold, with a median sale price of $350,000 - an 8.7 percent increase over the $322,000 median sale price for the same period of the previous year. There were 157 homes sold in Farmington in the second quarter of 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 the second quarter of 2022.
The following table compares Farmington to other Dakota County cities with similar median sale prices in the second quarter of 2022:
| City | April - June 2022 Home Sales | April - June 2021 Home Sales | % change (Total Home Sales) | April - June 2022 Median Sales Price | April - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeville | 254 | 314 | -19.1 | $405,000 | $373,000 | 8.6 |
| Hampton | 8 | 5 | 60 | $385,000 | $306,500 | 25.6 |
| Burnsville | 215 | 249 | -13.7 | $375,000 | $330,000 | 13.6 |
| Eagan | 252 | 305 | -17.4 | $370,000 | $364,500 | 1.5 |
| Rosemount | 93 | 105 | -11.4 | $367,000 | $361,000 | 1.7 |
| Farmington | 116 | 157 | -26.1 | $350,000 | $322,000 | 8.7 |
| Apple Valley | 225 | 292 | -22.9 | $350,000 | $317,500 | 10.2 |
| Hastings | 100 | 117 | -14.5 | $311,000 | $275,000 | 13.1 |
| West St. Paul | 66 | 73 | -9.6 | $310,000 | $266,900 | 16.1 |
| Inver Grove Heights | 124 | 147 | -15.6 | $299,500 | $292,500 | 2.4 |
| South St. Paul | 74 | 89 | -16.9 | $280,000 | $275,000 | 1.8 |
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