Farmington, CT Foreclosures
How much do homes sell for in Farmington, CT?
The average home price is currently $580,015.
In Farmington, CT, how many homes are available?
There are currently 6 active home listings available in Farmington.
What’s the average rental cost in Farmington, CT?
The average rental price in Farmington is $1,976.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $6,645,033.
What is currently the cheapest priced home in Farmington, CT?
The cheapest home for sale in Farmington is priced at $14,973.
Living in Farmington, CT
Farmington, Connecticut, offers a unique blend of suburban charm and easy access to city amenities. This picturesque town is known for its outstanding schools, beautiful parks, and vibrant community life. Residents enjoy a variety of dining and shopping options, as well as close proximity to Hartford, making it an ideal location for families and professionals alike.
Current Market Conditions in Farmington, CT
Farmington's real estate market has remained robust and competitive over the last few years. The combination of desirable schools, safe neighborhoods, and ample amenities has kept demand high. Recently, the inventory of available homes has slightly decreased, causing prices to rise as buyers compete for the best listings. Realtors note that homes in Farmington tend to sell quickly, often receiving multiple offers, particularly in sought-after neighborhoods.
The market has seen a myriad of buyers, from first-time homebuyers drawn by attractive starter homes to families seeking larger properties with more space. Overall, Farmington's real estate trends indicate a vibrant and strong market.
Home Value Estimator For Farmington, CT
There are currently 7,261 real estate properties
in Farmington, CT,
with a median automated valuation model (AVM) price
of $495,994.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farmington, CT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Farmington, CT,
is $580,015.00, with the most expensive house
in Farmington, CT, topping out
at $6,645,033.00 and the cheapest home
in Farmington, CT,
clocking in at $14,973.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farmington, CT!
Rent Prices
In Farmington, CT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farmington, CT, is on
a rollercoaster ride. The
average rent price in Farmington, CT,
is $1,976.00. Indeed, when looking to rent in
Farmington, CT, you can expect to pay as little
as $990.00 or as much
as $5,040.00,
with the average rent median estimated to
be $1,930.00. The good news is that finding
an affordable and desirable property to rent in Farmington, CT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
