Farmington, NM 87402 Real Estate & Property Data

Farmington, NM 87402 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 204 residential properties have been sold over the past 12 months in 87402. With a median sales price of $263,495 in 87402. Discover market trends and get the granular level real estate data for Farmington, NM 87402 to keep your pulse on the housing market. Curate compelling home reports for Farmington, NM 87402 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Farmington, NM 87402 Real Estate Market Trends
Total Residential Properties 4,532
Total Commercial Properties 215
Avg. Home Age (Single Family Home) 38 Years
Avg. Square Feet (Single Family Home) 1,909
Total 2025 Residential Sales (year-to-date) 20
% of Homes Seriously Underwater (Q2 2025) 0.79%
Total 2024 Residential Sales 198
% of Equity Rich Homes (Q2 2025) 29.05%
Effective 2024 Property Tax 0.55%
Total Foreclosure Filings (year-to-date) 4
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Farmington, NM 87402 Real Estate Overview

There were 204 residential properties sold in the past year in Farmington, NM 87402. The median home value in Farmington, NM 87402 is $304,515. There are a total of 4,532 residential properties in the 87402.

Median Sales Price i
$263,495
(Feb 2025)
-16.4%
year-over-year
y-o-y
  • February '25 Feb '25 $263,495
  • January '25 Jan '25 $265,256
  • December '24 Dec '24 $237,500
  • November '24 Nov '24 $300,162
  • October '24 Oct '24 $451,596
  • September '24 Sep '24 $300,162
  • August '24 Aug '24 $302,116
  • July '24 Jul '24 $361,904
  • June '24 Jun '24 $282,655
  • May '24 May '24 $242,769
  • April '24 Apr '24 $244,319
  • March '24 Mar '24 $350,625
Median Down Payment i
$50,925
(Feb 2025)
+26.1%
year-over-year
y-o-y
  • February '25 Feb '25 $50,925
  • January '25 Jan '25 $8,425
  • December '24 Dec '24 $47,500
  • November '24 Nov '24 $14,494
  • October '24 Oct '24 $90,348
  • September '24 Sep '24 $56,875
  • August '24 Aug '24 $60,000
  • July '24 Jul '24 $73,000
  • June '24 Jun '24 $52,500
  • May '24 May '24 $48,481
  • April '24 Apr '24 $49,652
  • March '24 Mar '24 $49,593
Number of Homes Sold i
14
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 14
  • January '25 Jan '25 6
  • December '24 Dec '24 18
  • November '24 Nov '24 15
  • October '24 Oct '24 12
  • September '24 Sep '24 17
  • August '24 Aug '24 22
  • July '24 Jul '24 13
  • June '24 Jun '24 27
  • May '24 May '24 15
  • April '24 Apr '24 21
  • March '24 Mar '24 17
Number of Purchase Loans i
13
(Feb 2025)
+225%
year-over-year
y-o-y
  • February '25 Feb '25 13
  • January '25 Jan '25 6
  • December '24 Dec '24 11
  • November '24 Nov '24 13
  • October '24 Oct '24 10
  • September '24 Sep '24 12
  • August '24 Aug '24 13
  • July '24 Jul '24 11
  • June '24 Jun '24 19
  • May '24 May '24 9
  • April '24 Apr '24 14
  • March '24 Mar '24 9
Number of REFI Loans i
9
(Feb 2025)
+80%
year-over-year
y-o-y
  • February '25 Feb '25 9
  • January '25 Jan '25 8
  • December '24 Dec '24 10
  • November '24 Nov '24 8
  • October '24 Oct '24 13
  • September '24 Sep '24 10
  • August '24 Aug '24 17
  • July '24 Jul '24 7
  • June '24 Jun '24 6
  • May '24 May '24 9
  • April '24 Apr '24 3
  • March '24 Mar '24 11
Number of HELOC Loans i
2
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 N/A
  • December '24 Dec '24 3
  • November '24 Nov '24 2
  • October '24 Oct '24 6
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 2
  • June '24 Jun '24 2
  • May '24 May '24 4
  • April '24 Apr '24 7
  • March '24 Mar '24 1

Farmington, NM 87402 Foreclosure Activity

Total Foreclosure Filings i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 4
  • December '24 Dec '24 1
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 1
  • March '24 Mar '24 1
Foreclosure Starts i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 3
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 1
  • 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 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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