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Farmington, NM 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, NM. ATTOM’s Farmington real estate data is updated daily, and current market trends show that in Farmington, NM a total of 767 residential properties have sold over the past year. With a median home price of $268,601 in Farmington and a total of 3 foreclosures. Get detailed property data for Farmington, NM instantly. ATTOM is your one-stop-shop for the Farmington property reports and real estate data you need in Farmington, NM.

Farmington Real Estate Market Trends

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

Total Residential Properties 22,633

Total Commercial Properties 1,478

Avg. Home Age (Single Family Home) 41 Years

Avg. Square Feet (Single Family Home) 1,769

Total 2025 Residential Sales (year-to-date) 83

% of Homes Seriously Underwater (Q2 2025) 0.86%

Total 2024 Residential Sales 740

% of Equity Rich Homes (Q2 2025) 23.84%

Effective 2024 Property Tax 0.53%

Total Foreclosure Filings (year-to-date) 15

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Farmington, NM Real Estate Overview

There were 767 residential properties sold in the past year in Farmington, NM. The median home value in Farmington, NM is $246,451. There are a total of 22,633 residential properties in the Farmington.

Median Sales Price i

$268,601

(Feb 2025)

+3%

year-over-year

y-o-y

February '25 Feb '25 $268,601
January '25 Jan '25 $258,329
December '24 Dec '24 $265,779
November '24 Nov '24 $272,640
October '24 Oct '24 $294,500
September '24 Sep '24 $284,375
August '24 Aug '24 $266,998
July '24 Jul '24 $276,498
June '24 Jun '24 $274,964
May '24 May '24 $269,479
April '24 Apr '24 $253,287
March '24 Mar '24 $271,755

Median Down Payment i

$42,000

(Feb 2025)

+191.2%

year-over-year

y-o-y

February '25 Feb '25 $42,000
January '25 Jan '25 $33,500
December '24 Dec '24 $50,000
November '24 Nov '24 $12,945
October '24 Oct '24 $61,950
September '24 Sep '24 $42,344
August '24 Aug '24 $52,250
July '24 Jul '24 $36,640
June '24 Jun '24 $42,325
May '24 May '24 $45,000
April '24 Apr '24 $49,351
March '24 Mar '24 $48,309

Number of Homes Sold i

41

(Feb 2025)

-18%

year-over-year

y-o-y

February '25 Feb '25 41
January '25 Jan '25 42
December '24 Dec '24 57
November '24 Nov '24 49
October '24 Oct '24 67
September '24 Sep '24 71
August '24 Aug '24 67
July '24 Jul '24 63
June '24 Jun '24 68
May '24 May '24 55
April '24 Apr '24 72
March '24 Mar '24 65

Number of Purchase Loans i

36

(Feb 2025)

+12.5%

year-over-year

y-o-y

February '25 Feb '25 36
January '25 Jan '25 32
December '24 Dec '24 35
November '24 Nov '24 38
October '24 Oct '24 46
September '24 Sep '24 38
August '24 Aug '24 44
July '24 Jul '24 38
June '24 Jun '24 51
May '24 May '24 40
April '24 Apr '24 48
March '24 Mar '24 43

Number of REFI Loans i

23

(Feb 2025)

-36.1%

year-over-year

y-o-y

February '25 Feb '25 23
January '25 Jan '25 34
December '24 Dec '24 47
November '24 Nov '24 29
October '24 Oct '24 55
September '24 Sep '24 37
August '24 Aug '24 39
July '24 Jul '24 28
June '24 Jun '24 29
May '24 May '24 32
April '24 Apr '24 32
March '24 Mar '24 31

Number of HELOC Loans i

7

(Feb 2025)

+40%

year-over-year

y-o-y

February '25 Feb '25 7
January '25 Jan '25 5
December '24 Dec '24 7
November '24 Nov '24 12
October '24 Oct '24 9
September '24 Sep '24 7
August '24 Aug '24 10
July '24 Jul '24 7
June '24 Jun '24 8
May '24 May '24 11
April '24 Apr '24 13
March '24 Mar '24 10

Farmington, NM Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

87401

$246,451 $139.29/sqft
87402

$304,515 $159.52/sqft
87499

$130,130 $84.72/sqft

Farmington, NM Foreclosure Activity

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

Total Foreclosure Filings i

3

(Feb 2025)

+50%

year-over-year

y-o-y

February '25 Feb '25 3
January '25 Jan '25 12
December '24 Dec '24 3
November '24 Nov '24 5
October '24 Oct '24 5
September '24 Sep '24 N/A
August '24 Aug '24 1
July '24 Jul '24 1
June '24 Jun '24 4
May '24 May '24 N/A
April '24 Apr '24 1
March '24 Mar '24 2

Foreclosure Starts i

2

(Feb 2025)

February '25 Feb '25 2
January '25 Jan '25 8
December '24 Dec '24 3
November '24 Nov '24 3
October '24 Oct '24 4
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A
June '24 Jun '24 N/A
May '24 May '24 N/A
April '24 Apr '24 N/A
March '24 Mar '24 N/A

Completed Foreclosures (REOs) i

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

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