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Farmington, NM Real Estate & Property Data

Last Updated: August 30, 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 780 residential properties have sold over the past year. With a median home price of $284,507 in Farmington and a total of 2 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.

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Total Residential Properties 22,633

Total Commercial Properties 1,477

Avg. Home Age (Single Family Home) 41 Years

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

Total 2025 Residential Sales (year-to-date) 338

% of Homes Seriously Underwater (Q3 2025) 0.88%

Total 2024 Residential Sales 740

% of Equity Rich Homes (Q3 2025) 24%

Effective 2024 Property Tax 0.53%

Total Foreclosure Filings (year-to-date) 33

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Farmington, NM Real Estate Overview

There were 780 residential properties sold in the past year in Farmington, NM. The median home value in Farmington, NM is $250,474. There are a total of 22,633 residential properties in the Farmington.

Median Sales Price i

$284,507

(Jun 2025)

+3.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $284,507
May '25 May '25 $286,893
April '25 Apr '25 $273,707
March '25 Mar '25 $272,500
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

Median Down Payment i

$51,400

(Jun 2025)

+21.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $51,400
May '25 May '25 $50,762
April '25 Apr '25 $37,425
March '25 Mar '25 $55,991
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

Number of Homes Sold i

(Jun 2025)

+11.8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 76
May '25 May '25 64
April '25 Apr '25 57
March '25 Mar '25 59
February '25 Feb '25 41
January '25 Jan '25 41
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

Number of Purchase Loans i

(Jun 2025)

-5.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 48
May '25 May '25 40
April '25 Apr '25 38
March '25 Mar '25 33
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

Number of REFI Loans i

(Jun 2025)

+72.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 50
May '25 May '25 32
April '25 Apr '25 60
March '25 Mar '25 32
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

Number of HELOC Loans i

(Jun 2025)

+12.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 9
May '25 May '25 4
April '25 Apr '25 11
March '25 Mar '25 5
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

Farmington, NM Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

87401

$235,619 $137.24/sqft
87402

$250,474 $141.57/sqft
87499

$188,600 $122.79/sqft

Farmington, NM Foreclosure Activity

There were a total of 2 Farmington, NM properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 2 Farmington, NM properties and repossessed 1 Farmington, NM properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

-50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years