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Foreclosures in Farmington, MN

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Farmington, MN Foreclosures

Current Market Conditions in in Farmington, MN As of February 2026?
In the last month, Farmington's real estate market has shown positive signs of continued growth. Home prices have risen slightly as more buyers enter the market, eager to take advantage of low interest rates before any potential increases. Inventory remains a challenge, with homes often receiving multiple offers shortly after listing. This has created a competitive market that favors sellers, though buyers are still showing interest in the area's offerings.
How much do homes sell for in Farmington, MN?
The average home price is currently $416,260.
In Farmington, MN, how many homes are available?
There are currently 7 active home listings available in Farmington.
What’s the average rental cost in Farmington, MN?
The average rental price in Farmington is $1,731.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $7,196,655.
What is currently the cheapest priced home in Farmington, MN?
The cheapest home for sale in Farmington is priced at $34,903.

Living in Farmington, MN

Farmington, MN, is a thriving suburban city known for its strong community spirit and excellent educational institutions. It offers a variety of parks and recreational activities, making it perfect for families and outdoor enthusiasts. The city's strategic location provides easy access to the Twin Cities, enhancing both its appeal and connectivity.

Buyer vs Seller Market in Farmington, MN

Farmington's real estate market has been experiencing steady growth, driven by its desirability for families and individuals seeking a suburban lifestyle. The average home price has increased over the past year, reflecting a high demand for housing amidst a limited supply. Newly constructed homes and remodels are particularly popular, catering to the needs of buyers looking for modern amenities.

Home Value Estimator For Farmington, MN

There are currently 12,889 real estate properties in Farmington, MN, with a median automated valuation model (AVM) price of $395,889.00. 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, MN, 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, MN, is $416,260.00, with the most expensive house in Farmington, MN, topping out at $7,196,655.00 and the cheapest home in Farmington, MN, clocking in at $34,903.00. In other words, there’s something for every potential homebuyer or savvy investor in Farmington, MN!

Rent Prices In Farmington, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farmington, MN, is on a rollercoaster ride. The average rent price in Farmington, MN, is $1,731.00. Indeed, when looking to rent in Farmington, MN, you can expect to pay as little as $810.00 or as much as $4,060.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Farmington, MN -- 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, MN Foreclosures

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