Is Farmington, CT a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Farmington is a seller's market


Difference Since November 2022

Since last year, Farmington has remained a Seller's Market.

Key Takeaway

Farmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Farmington, CT

How much do homes in Farmington, CT cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Farmington have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Farmington was $373,666 in November 2023, up 3.8% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $120K$135K
2 $235K$260.5K
3 $370K$385K
4 $550K$585.5K
5+ $812.5K$1.0M

Summary: Farmington housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Cities

New Britain

Housing Supply in Farmington, CT

How many homes are available in Farmington, CT?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Farmington real estate market had 65 homes for sale in November 2023, a 9.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 12
2 1416
3 2924
4 118
5+ 1715

Summary: The Farmington housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farmington, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Farmington in November 2023, down by 44.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Farmington, CT

Nearby Markets to Farmington, CT

What housing markets are near Farmington, CT?