Farmington, DE Foreclosures
How much do homes sell for in Farmington, DE?
The average home price is currently $201,426.
What’s the average rental cost in Farmington, DE?
The average rental price in Farmington is $1,178.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $635,592.
What is currently the cheapest priced home in Farmington, DE?
The cheapest home for sale in Farmington is priced at $60,870.
Living in Farmington, DE
Farmington, DE is a charming rural community known for its friendly residents and peaceful atmosphere. With a backdrop of picturesque farmland, it offers a unique living experience that emphasizes a close-knit community and outdoor activities. Families will find a welcoming environment, making it an ideal location for tranquil living while being near urban conveniences.
Current Market Conditions in Farmington, DE
The real estate market in Farmington, DE is currently experiencing steady growth, with home prices increasing slightly due to the area's appeal for families and retirees alike. The demand for single-family homes has led to a competitive market, particularly for properties that offer larger lots and outdoor space. Recent trends indicate that buyers are looking for homes that provide both comfort and proximity to nature.
As of late 2023, the market has seen a resurgence in interest from first-time homebuyers who are attracted to the affordability compared to surrounding areas. This has resulted in a rise in property listings and a slight decrease in days on the market, making it an opportune time for sellers.
Home Value Estimator For Farmington, DE
There are currently 43 real estate properties
in Farmington, DE,
with a median automated valuation model (AVM) price
of $191,900.00. 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, DE, 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, DE,
is $201,426.00, with the most expensive house
in Farmington, DE, topping out
at $635,592.00 and the cheapest home
in Farmington, DE,
clocking in at $60,870.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farmington, DE!
Rent Prices
In Farmington, DE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farmington, DE, is on
a rollercoaster ride. The
average rent price in Farmington, DE,
is $1,178.00. Indeed, when looking to rent in
Farmington, DE, you can expect to pay as little
as $830.00 or as much
as $2,130.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Farmington, DE
-- 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
