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Fixer Upper Homes in Farmington, MI

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Farmington, MI Foreclosures

Current Market Conditions in in Farmington, MI As of April 2026?
In the past month, Farmington’s real estate market has remained stable with a slight increase in median home prices, attributed to ongoing demand and limited inventory. Sellers are seeing favorable conditions, often receiving multiple offers on well-maintained homes. Buyers, while facing competition, are drawn to the city’s amenities and family-friendly atmosphere, suggesting continued interest in the market. Average days on the market have decreased, indicating that homes are selling more quickly compared to previous months.
How much do homes sell for in Farmington, MI?
The average home price is currently $368,767.
In Farmington, MI, how many homes are available?
There are currently 169 active home listings available in Farmington.
What’s the average rental cost in Farmington, MI?
The average rental price in Farmington is $1,649.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $11,276,524.
What is currently the cheapest priced home in Farmington, MI?
The cheapest home for sale in Farmington is priced at $17,280.

Living in Farmington, MI

Farmington, MI is a beautiful suburban city known for its friendly community, excellent schools, and ample parks. With a bustling downtown area filled with shops and restaurants, residents enjoy a mix of relaxation and vibrant city life. The city offers easy access to major transportation routes, enhancing connectivity to the greater Detroit area.

Buyer vs Seller Market in Farmington, MI

The real estate market in Farmington, MI has shown signs of growth in recent months, supported by steady demand and a low inventory of homes. Many buyers are attracted to the city for its community-oriented lifestyle, which has contributed to rising property values. As the area continues to develop, including new retail spaces, the housing market remains competitive, with both families and young professionals seeking homes.

Farmington also has witnessed a trend toward increased home renovation and improvement projects, as residents look to enhance their living spaces while staying in the community for the long term.

Home Value Estimator For Farmington, MI

There are currently 3,992 real estate properties in Farmington, MI, with a median automated valuation model (AVM) price of $328,120.00. 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, MI, 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, MI, is $368,767.00, with the most expensive house in Farmington, MI, topping out at $11,276,524.00 and the cheapest home in Farmington, MI, clocking in at $17,280.00. In other words, there’s something for every potential homebuyer or savvy investor in Farmington, MI!

Rent Prices In Farmington, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmington, MI, is on a rollercoaster ride. The average rent price in Farmington, MI, is $1,649.00. Indeed, when looking to rent in Farmington, MI, you can expect to pay as little as $660.00 or as much as $3,310.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Farmington, MI -- 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, MI Fixer Upper Homes

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