Photo: AllenS · Public domain430 homes sold in Farmington in the last year, at a typical $317K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Farmington homes are listed.
Every place Farmington homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Farmington.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
2% of Farmington’s sales are condos, at $110K less than a house
391 houses and 10 condos sold in the year to May 2026. Houses sell faster.
typical sale · 391 sold in 12 months
- Per square foot
- $186NM $212
- Days to sell
- 32
- Sold over asking
- 0%
- Listings with a price cut
- 27%
typical sale · 10 sold in 12 months
- Per square foot
- $150NM $343
- Days to sell
- 43
- Sold over asking
- 0%
- Listings with a price cut
- 100%
Multi-family (2–4 units): 8 sold, typical $259K
Townhouses: 21 sold, typical $289K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.6 times the 2016 price
430 sales in the last year, against 795 in 2021 and a low of 309 in 2014. The typical sale went from $193K in 2016 to $317K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Farmington
Check a listing against what Farmington homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Farmington are back to pre-pandemic levels, but half fewer homes come up for sale
We read every month of Farmington’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 430 sales.
If you’re buying in Farmington
- Shop in March. It brings about 49 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- Bid near asking. Buyers paid 98.8% of the list price on average; 0% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 30 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 55 a month), but August is the most competitive: 0% of August sales close over asking. March and April offer nearly as much choice with fewer homes bid up (0%). March has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New Mexico as a whole
| Farmington now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 0% | 0% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 1% | 2% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 102.5% | 99.5% | 96.5% |
| Days to sellMedian days from listing to contract | 30 | 91 | 58 | 64 |
84 homes for sale on a typical day
That’s 1.3 times the 2023 low (67), 51% fewer than in 2017–19 and well under 2020’s 179.
1 in 4 listings has cut its price
27% in the last year, against — in 2017–19 and 21% across New Mexico.
Since 2019, houses are up 61%, condos 78%
A house typically sold for $324K in the last year (391 sales), a condo for $214K (10).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Farmington ranks 11th of 24 busy New Mexico markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Farmington is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Farmington home costs about $1,816 a month
Price: Farmington’s typical sale, last 12 months. Property tax at Farmington’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Farmington is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 26.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $317K home, about $1,940 a year.
Taxes vs. neighborsSchools
The schools grade for Farmington, from test results, graduation and how much students grow.
Schools in FarmingtonTypical commute
The average one-way trip to work for people who live in Farmington.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Aztec sells for less a square foot
The busier markets within 25 miles of Farmington, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Farmington | 430 | $317K | $183 | 0% | 30 |
| Aztec | 56 | $299K | $174 | 0% | 31 |
| Bloomfield | 32 | $274K | $181 | 0% | 35 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Farmington, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Farmington. People who follow the town see it, and so do people comparing Farmington with their own town. No commission, no listing fee.
Questions about buying a home in Farmington
What do homes sell for in Farmington, NM?
430 homes sold in the year to May 2026 at a typical $317K, $183 a square foot. Houses sold for about $324K, condos for about $214K.
Is Farmington a buyer’s or seller’s market?
A seller’s market: 57 homes were for sale in May 2026 and 36 sold, about 1.6 months of supply. Buyers paid 98.8% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Farmington?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Farmington?
About 0.6% of a home’s value a year. On a $317K home that’s near $1,940.
Where can I see homes for sale in Farmington?
Zillow, Redfin, Realtor.com and Homes.com all carry Farmington’s MLS listings; the search links above open each one filtered to Farmington.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).