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Farmington, MN Real Estate & Property Data

Farmington Real Estate Market Trends

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Farmington, MN 55024. ATTOM’s Farmington real estate data is updated daily, and current market trends show that in Farmington, MN a total of 566 residential properties have sold over the past year. With a median home price of $425,000 in Farmington and a total of 3 foreclosures. Get detailed property data for Farmington, MN instantly. ATTOM is your one-stop-shop for the Farmington property reports and real estate data you need in Farmington, MN.

Farmington Real Estate Market Trends

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

Total Residential Properties 13,798

Total Commercial Properties 218

Avg. Home Age (Single Family Home) 31 Years

Avg. Square Feet (Single Family Home) 1,740

Total 2025 Residential Sales (year-to-date) 66

% of Homes Seriously Underwater (Q2 2025) 1.15%

Total 2024 Residential Sales 536

% of Equity Rich Homes (Q2 2025) 35%

Effective 2024 Property Tax 0.97%

Total Foreclosure Filings (year-to-date) 5

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Farmington, MN 55024 Real Estate Overview

There were 566 residential properties sold in the past year in Farmington, MN 55024. The median home value in Farmington, MN 55024 is $393,699. There are a total of 13,798 residential properties in the 55024.

Median Sales Price i

$425,000

(Feb 2025)

+11.3%

year-over-year

y-o-y

February '25 Feb '25 $425,000
January '25 Jan '25 $421,500
December '24 Dec '24 $415,000
November '24 Nov '24 $436,500
October '24 Oct '24 $387,000
September '24 Sep '24 $402,500
August '24 Aug '24 $395,500
July '24 Jul '24 $440,950
June '24 Jun '24 $415,000
May '24 May '24 $368,450
April '24 Apr '24 $485,000
March '24 Mar '24 $385,000

Median Down Payment i

$96,000

(Feb 2025)

+149.4%

year-over-year

y-o-y

February '25 Feb '25 $96,000
January '25 Jan '25 $23,000
December '24 Dec '24 $80,000
November '24 Nov '24 $43,485
October '24 Oct '24 $43,000
September '24 Sep '24 $19,000
August '24 Aug '24 $71,500
July '24 Jul '24 $58,000
June '24 Jun '24 $49,250
May '24 May '24 $62,000
April '24 Apr '24 $87,319
March '24 Mar '24 $26,728

Number of Homes Sold i

33

(Feb 2025)

+57.1%

year-over-year

y-o-y

February '25 Feb '25 33
January '25 Jan '25 33
December '24 Dec '24 46
November '24 Nov '24 42
October '24 Oct '24 55
September '24 Sep '24 49
August '24 Aug '24 57
July '24 Jul '24 62
June '24 Jun '24 35
May '24 May '24 54
April '24 Apr '24 44
March '24 Mar '24 35

Number of Purchase Loans i

36

(Feb 2025)

+20%

year-over-year

y-o-y

February '25 Feb '25 36
January '25 Jan '25 51
December '24 Dec '24 70
November '24 Nov '24 49
October '24 Oct '24 75
September '24 Sep '24 56
August '24 Aug '24 78
July '24 Jul '24 87
June '24 Jun '24 48
May '24 May '24 72
April '24 Apr '24 69
March '24 Mar '24 46

Number of REFI Loans i

27

(Feb 2025)

-12.9%

year-over-year

y-o-y

February '25 Feb '25 27
January '25 Jan '25 31
December '24 Dec '24 27
November '24 Nov '24 29
October '24 Oct '24 44
September '24 Sep '24 41
August '24 Aug '24 32
July '24 Jul '24 35
June '24 Jun '24 32
May '24 May '24 26
April '24 Apr '24 35
March '24 Mar '24 25

Number of HELOC Loans i

12

(Feb 2025)

+20%

year-over-year

y-o-y

February '25 Feb '25 12
January '25 Jan '25 19
December '24 Dec '24 15
November '24 Nov '24 8
October '24 Oct '24 17
September '24 Sep '24 14
August '24 Aug '24 28
July '24 Jul '24 12
June '24 Jun '24 19
May '24 May '24 23
April '24 Apr '24 21
March '24 Mar '24 17

Farmington, MN 55024 Real Estate Market Overview

Last 30 days

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Farmington, MN 55024 Foreclosure Activity

There were a total of 3 Farmington, MN 55024 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i

3

(Feb 2025)

-25%

year-over-year

y-o-y

February '25 Feb '25 3
January '25 Jan '25 2
December '24 Dec '24 3
November '24 Nov '24 N/A
October '24 Oct '24 4
September '24 Sep '24 1
August '24 Aug '24 3
July '24 Jul '24 7
June '24 Jun '24 1
May '24 May '24 1
April '24 Apr '24 5
March '24 Mar '24 1

Foreclosure Starts i

3

(Feb 2025)

-25%

year-over-year

y-o-y

February '25 Feb '25 3
January '25 Jan '25 2
December '24 Dec '24 3
November '24 Nov '24 N/A
October '24 Oct '24 4
September '24 Sep '24 1
August '24 Aug '24 3
July '24 Jul '24 7
June '24 Jun '24 1
May '24 May '24 1
April '24 Apr '24 5
March '24 Mar '24 1

Completed Foreclosures (REOs) i

February '25 Feb '25 N/A
January '25 Jan '25 1
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
June '24 Jun '24 1
May '24 May '24 1
April '24 Apr '24 N/A
March '24 Mar '24 1

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