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Why Live in Farmington
Farmington, Minnesota, is a small city with a growing population of nearly 24,000 residents, characterized by its historic downtown and new housing developments. The Exchange Bank Building, constructed in 1880, is a notable landmark reflecting the city's rich history. Farmington maintains a small-town feel with annual events like Dew Days and the Dakota County Fair, fostering a strong sense of community. The downtown area features longstanding businesses such as the Farmington Steakhouse, casual dining options, and local shops, while big-box retail stores are accessible in nearby Lakeville. Residents enjoy over 30 public parks and nearly 50 miles of trails, offering winter activities like skiing, snowmobiling, and ice fishing, as well as summer water sports. The Farmington Public School District is highly rated, contributing to the city's appeal for families. Housing options range from historic homes near the downtown area to contemporary new developments, with lot sizes varying from compact to expansive. Farmington is about 30 miles south of Minneapolis, providing convenient access to the city via Interstate 35. The crime rate in Farmington has declined significantly, with residents experiencing lower-than-average rates of violent and property crimes compared to Minnesota averages. For those seeking things to do, Farmington offers a mix of outdoor activities, community events, and local dining experiences.
Home Trends in Farmington, MN
On average, homes in Farmington, MN sell after 38 days on the market compared to the national average of 53 days. The median sale price for homes in Farmington, MN over the last 12 months is $389,000, down 5% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$389,000
Median Single Family Sale Price
$430,000
Median Townhouse Sale Price
$260,000
Average Price Per Sq Ft
$202
Number of Homes for Sale
154
Last 12 months Home Sales
555
Months of Supply
3.30
Median List Price
$400,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%
Farmington Types of Homes for Sale
Farmington Homes by Price
Farmington Real Estate Listings
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