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Foreclosure Homes in Farmington, IL

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Farmington, IL Foreclosures

Current Market Conditions in in Farmington, IL As of March 2026?
Over the past month, Farmington's real estate market has shown signs of increased activity with a rising number of listings and sales. Home prices have experienced a slight uptick as demand continues to outpace supply, particularly for family homes and properties that are well-maintained. This trend indicates a healthy market as interested buyers continue to seek homes that fit their needs in this community-driven environment.
How much do homes sell for in Farmington, IL?
The average home price is currently $137,888.
In Farmington, IL, how many homes are available?
There are currently 10 active home listings available in Farmington.
What’s the average rental cost in Farmington, IL?
The average rental price in Farmington is $1,078.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $1,266,920.
What is currently the cheapest priced home in Farmington, IL?
The cheapest home for sale in Farmington is priced at $10,458.

Living in Farmington, IL

Farmington, IL is a quaint and family-friendly town that offers a blend of small-town charm and modern conveniences. With a supportive community, plenty of parks, and accessible amenities, it's a great place to live. Education is highly valued, with strong local schools enhancing the community's appeal.

Buyer vs Seller Market in Farmington, IL

The real estate market in Farmington, IL is currently experiencing a steady growth trend, with home values increasing gradually. Buyers are attracted to the affordability of properties compared to nearby cities, making it a desirable location for first-time homeowners.

The market is characterized by a mix of residential options, including charming single-family homes and some newer constructions. The demand is high, especially for affordable homes, which has led to competitive bidding in many cases.

Home Value Estimator For Farmington, IL

There are currently 1,164 real estate properties in Farmington, IL, with a median automated valuation model (AVM) price of $119,152.00. 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, IL, 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, IL, is $137,888.00, with the most expensive house in Farmington, IL, topping out at $1,266,920.00 and the cheapest home in Farmington, IL, clocking in at $10,458.00. In other words, there’s something for every potential homebuyer or savvy investor in Farmington, IL!

Rent Prices In Farmington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmington, IL, is on a rollercoaster ride. The average rent price in Farmington, IL, is $1,078.00. Indeed, when looking to rent in Farmington, IL, you can expect to pay as little as $650.00 or as much as $2,040.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Farmington, IL -- 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.

Farmington, IL Foreclosures

Market Trend for Farmington, IL

Total Listings Available: 10

Market Values:

Home Prices from $10,458 to $1,266,920

Average Sales Price: $137,888

Rental Values:

Rental from $650 to $2,040

Average Rent Value: $1,078 / month

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