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Farmington, MI 48331 Real Estate & Property Data

Farmington, MI 48331 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 322 residential properties have been sold over the past 12 months in 48331. With a median sales price of $500,000 in 48331 and a total of 3 foreclosures in Farmington, MI 48331. Discover market trends and get the granular level real estate data for Farmington, MI 48331 to keep your pulse on the housing market. Curate compelling home reports for Farmington, MI 48331 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Farmington, MI 48331 Real Estate Market Trends

Get property data for any address in Farmington, MI 48331 or the country:

Total Residential Properties 7,449

Total Commercial Properties 147

Avg. Home Age (Single Family Home) 48 Years

Avg. Square Feet (Single Family Home) 2,507

Total 2025 Residential Sales (year-to-date) 129

% of Homes Seriously Underwater (Q3 2025) 0.7%

Total 2024 Residential Sales 286

% of Equity Rich Homes (Q3 2025) 49.7%

Effective 2024 Property Tax 1.32%

Total Foreclosure Filings (year-to-date) 10

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Farmington, MI 48331 Real Estate Overview

There were 322 residential properties sold in the past year in Farmington, MI 48331. The median home value in Farmington, MI 48331 is $470,067. There are a total of 7,449 residential properties in the 48331.

Median Sales Price i

$500,000

(Jun 2025)

+0.5%

year-over-year

y-o-y

June '25 Jun '25 $500,000
May '25 May '25 $415,000
April '25 Apr '25 $525,000
March '25 Mar '25 $487,500
February '25 Feb '25 $425,000
January '25 Jan '25 $455,000
December '24 Dec '24 $403,000
November '24 Nov '24 $439,000
October '24 Oct '24 $515,000
September '24 Sep '24 $457,500
August '24 Aug '24 $534,000
July '24 Jul '24 $455,000

Median Down Payment i

$111,500

(Jun 2025)

+18.4%

year-over-year

y-o-y

June '25 Jun '25 $111,500
May '25 May '25 $39,025
April '25 Apr '25 $86,000
March '25 Mar '25 $73,000
February '25 Feb '25 $18,500
January '25 Jan '25 $86,000
December '24 Dec '24 $48,100
November '24 Nov '24 $79,000
October '24 Oct '24 $95,000
September '24 Sep '24 $52,500
August '24 Aug '24 $95,850
July '24 Jul '24 $59,825

Number of Homes Sold i

29

(Jun 2025)

+11.5%

year-over-year

y-o-y

June '25 Jun '25 29
May '25 May '25 31
April '25 Apr '25 18
March '25 Mar '25 16
February '25 Feb '25 16
January '25 Jan '25 19
December '24 Dec '24 20
November '24 Nov '24 25
October '24 Oct '24 28
September '24 Sep '24 23
August '24 Aug '24 39
July '24 Jul '24 32

Number of Purchase Loans i

22

(Jun 2025)

-4.3%

year-over-year

y-o-y

June '25 Jun '25 22
May '25 May '25 21
April '25 Apr '25 14
March '25 Mar '25 12
February '25 Feb '25 13
January '25 Jan '25 13
December '24 Dec '24 18
November '24 Nov '24 22
October '24 Oct '24 20
September '24 Sep '24 21
August '24 Aug '24 33
July '24 Jul '24 24

Number of REFI Loans i

19

(Jun 2025)

+72.7%

year-over-year

y-o-y

June '25 Jun '25 19
May '25 May '25 20
April '25 Apr '25 12
March '25 Mar '25 8
February '25 Feb '25 10
January '25 Jan '25 18
December '24 Dec '24 15
November '24 Nov '24 14
October '24 Oct '24 23
September '24 Sep '24 20
August '24 Aug '24 17
July '24 Jul '24 12

Number of HELOC Loans i

9

(Jun 2025)

-10%

year-over-year

y-o-y

June '25 Jun '25 9
May '25 May '25 17
April '25 Apr '25 18
March '25 Mar '25 14
February '25 Feb '25 9
January '25 Jan '25 10
December '24 Dec '24 12
November '24 Nov '24 10
October '24 Oct '24 8
September '24 Sep '24 9
August '24 Aug '24 15
July '24 Jul '24 8

Farmington, MI 48331 Real Estate Market Overview

Last 30 days

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Farmington, MI 48331 Foreclosure Activity

There were a total of 3 Farmington, MI 48331 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

3

(Jun 2025)

June '25 Jun '25 3
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 5
December '24 Dec '24 1
November '24 Nov '24 3
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 1
July '24 Jul '24 2

Foreclosure Starts i

3

(Jun 2025)

June '25 Jun '25 3
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 5
December '24 Dec '24 1
November '24 Nov '24 3
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 1
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 N/A
January '25 Jan '25 2
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 1
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Nearby Zip Codes

1. 48334
2. 48335
3. 48336

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