Farmington, NM 87401 Real Estate & Property Data

Farmington, NM 87401 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 563 residential properties have been sold over the past 12 months in 87401. With a median sales price of $273,707 in 87401 and a total of 3 foreclosures in Farmington, NM 87401. Discover market trends and get the granular level real estate data for Farmington, NM 87401 to keep your pulse on the housing market. Curate compelling home reports for Farmington, NM 87401 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Farmington, NM 87401 Real Estate Market Trends
Total Residential Properties 17,925
Total Commercial Properties 1,260
Avg. Home Age (Single Family Home) 42 Years
Avg. Square Feet (Single Family Home) 1,717
Total 2025 Residential Sales (year-to-date) 63
% of Homes Seriously Underwater (Q2 2025) 0.89%
Total 2024 Residential Sales 542
% of Equity Rich Homes (Q2 2025) 22.2%
Effective 2024 Property Tax 0.52%
Total Foreclosure Filings (year-to-date) 11
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Farmington, NM 87401 Real Estate Overview

There were 563 residential properties sold in the past year in Farmington, NM 87401. The median home value in Farmington, NM 87401 is $233,217. There are a total of 17,925 residential properties in the 87401.

Median Sales Price i
$273,707
(Feb 2025)
+11.6%
year-over-year
y-o-y
  • February '25 Feb '25 $273,707
  • January '25 Jan '25 $258,329
  • December '24 Dec '24 $278,376
  • November '24 Nov '24 $272,640
  • October '24 Oct '24 $274,724
  • September '24 Sep '24 $257,137
  • August '24 Aug '24 $258,328
  • July '24 Jul '24 $248,048
  • June '24 Jun '24 $266,998
  • May '24 May '24 $274,572
  • April '24 Apr '24 $260,000
  • March '24 Mar '24 $266,237
Median Down Payment i
$38,207
(Feb 2025)
+165.6%
year-over-year
y-o-y
  • February '25 Feb '25 $38,207
  • January '25 Jan '25 $34,500
  • December '24 Dec '24 $52,000
  • November '24 Nov '24 $12,945
  • October '24 Oct '24 $55,219
  • September '24 Sep '24 $30,938
  • August '24 Aug '24 $49,858
  • July '24 Jul '24 $25,000
  • June '24 Jun '24 $35,200
  • May '24 May '24 $45,000
  • April '24 Apr '24 $48,657
  • March '24 Mar '24 $47,025
Number of Homes Sold i
27
(Feb 2025)
-37.2%
year-over-year
y-o-y
  • February '25 Feb '25 27
  • January '25 Jan '25 36
  • December '24 Dec '24 39
  • November '24 Nov '24 34
  • October '24 Oct '24 55
  • September '24 Sep '24 54
  • August '24 Aug '24 45
  • July '24 Jul '24 50
  • June '24 Jun '24 41
  • May '24 May '24 40
  • April '24 Apr '24 51
  • March '24 Mar '24 48
Number of Purchase Loans i
23
(Feb 2025)
-17.9%
year-over-year
y-o-y
  • February '25 Feb '25 23
  • January '25 Jan '25 26
  • December '24 Dec '24 24
  • November '24 Nov '24 25
  • October '24 Oct '24 36
  • September '24 Sep '24 26
  • August '24 Aug '24 31
  • July '24 Jul '24 27
  • June '24 Jun '24 32
  • May '24 May '24 31
  • April '24 Apr '24 34
  • March '24 Mar '24 34
Number of REFI Loans i
14
(Feb 2025)
-54.8%
year-over-year
y-o-y
  • February '25 Feb '25 14
  • January '25 Jan '25 26
  • December '24 Dec '24 37
  • November '24 Nov '24 21
  • October '24 Oct '24 42
  • September '24 Sep '24 27
  • August '24 Aug '24 22
  • July '24 Jul '24 21
  • June '24 Jun '24 23
  • May '24 May '24 23
  • April '24 Apr '24 29
  • March '24 Mar '24 20
Number of HELOC Loans i
5
(Feb 2025)
+25%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 5
  • December '24 Dec '24 4
  • November '24 Nov '24 10
  • October '24 Oct '24 3
  • September '24 Sep '24 7
  • August '24 Aug '24 8
  • July '24 Jul '24 5
  • June '24 Jun '24 6
  • May '24 May '24 7
  • April '24 Apr '24 6
  • March '24 Mar '24 9

Farmington, NM 87401 Foreclosure Activity

There were a total of 3 Farmington, NM 87401 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 8
  • December '24 Dec '24 2
  • November '24 Nov '24 4
  • October '24 Oct '24 4
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 1
  • June '24 Jun '24 4
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
Foreclosure Starts i
2
(Feb 2025)
  • February '25 Feb '25 2
  • January '25 Jan '25 5
  • December '24 Dec '24 2
  • November '24 Nov '24 3
  • October '24 Oct '24 3
  • 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 1
  • May '24 May '24 4
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
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