Is Farmington, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Farmington was a Buyer's Market.
Housing Prices in Farmington, NY
How much do homes in Farmington, NY cost?
Median Sold Price
$287,500
$186/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Farmington was $287,500 in March 2024, up 27.1% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $226.2K | $265K | +17.1% |
4 Bedrooms | - | $310K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Farmington housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Farmington, NY
How many homes are available in Farmington, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Farmington real estate market had 21 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Farmington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Farmington in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Farmington, NY
How long does it take to sell a home in Farmington, NY?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 8 Days | -57.7% |
Summary: Homes in Farmington had an average of 8 days on market in Mar 2024, down by 57.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Farmington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.