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Farmington, NM Real Estate & Property Data

Farmington Real Estate Market Trends

Last Updated: September 20, 2025

Accurate and comprehensive real estate data is critical for insight into Farmington, NM. ATTOM’s Farmington real estate data is updated daily, and current market trends show that in Farmington, NM a total of 777 residential properties have sold over the past year. With a median home price of $289,375 in Farmington and a total of 3 foreclosures. Get detailed property data for Farmington, NM instantly. ATTOM is your one-stop-shop for the Farmington property reports and real estate data you need in Farmington, NM.

Farmington Real Estate Market Trends

Get property data for any address in Farmington, NM or the country:

Total Residential Properties 22,633

Total Commercial Properties 1,477

Avg. Home Age (Single Family Home) 41 Years

Avg. Square Feet (Single Family Home) 1,769

Total 2025 Residential Sales (year-to-date) 403

% of Homes Seriously Underwater (Q3 2025) 0.87%

Total 2024 Residential Sales 740

% of Equity Rich Homes (Q3 2025) 24.35%

Effective 2024 Property Tax 0.52%

Total Foreclosure Filings (year-to-date) 36

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Farmington, NM Real Estate Overview

There were 777 residential properties sold in the past year in Farmington, NM. The median home value in Farmington, NM is $253,402. There are a total of 22,633 residential properties in the Farmington.

Median Sales Price i

$289,375

(Jul 2025)

+4.7%

year-over-year

y-o-y

July '25 Jul '25 $289,375
June '25 Jun '25 $284,507
May '25 May '25 $286,893
April '25 Apr '25 $273,707
March '25 Mar '25 $272,500
February '25 Feb '25 $268,601
January '25 Jan '25 $258,329
December '24 Dec '24 $265,779
November '24 Nov '24 $272,640
October '24 Oct '24 $294,500
September '24 Sep '24 $284,375
August '24 Aug '24 $266,998

Median Down Payment i

$38,750

(Jul 2025)

+5.8%

year-over-year

y-o-y

July '25 Jul '25 $38,750
June '25 Jun '25 $51,400
May '25 May '25 $50,762
April '25 Apr '25 $37,425
March '25 Mar '25 $55,991
February '25 Feb '25 $42,000
January '25 Jan '25 $33,500
December '24 Dec '24 $50,000
November '24 Nov '24 $12,945
October '24 Oct '24 $61,950
September '24 Sep '24 $42,344
August '24 Aug '24 $52,250

Number of Homes Sold i

65

(Jul 2025)

+3.2%

year-over-year

y-o-y

July '25 Jul '25 65
June '25 Jun '25 76
May '25 May '25 64
April '25 Apr '25 57
March '25 Mar '25 59
February '25 Feb '25 41
January '25 Jan '25 41
December '24 Dec '24 57
November '24 Nov '24 49
October '24 Oct '24 67
September '24 Sep '24 71
August '24 Aug '24 67

Number of Purchase Loans i

40

(Jul 2025)

+5.3%

year-over-year

y-o-y

July '25 Jul '25 40
June '25 Jun '25 48
May '25 May '25 40
April '25 Apr '25 38
March '25 Mar '25 33
February '25 Feb '25 36
January '25 Jan '25 32
December '24 Dec '24 35
November '24 Nov '24 38
October '24 Oct '24 46
September '24 Sep '24 38
August '24 Aug '24 44

Number of REFI Loans i

44

(Jul 2025)

+57.1%

year-over-year

y-o-y

July '25 Jul '25 44
June '25 Jun '25 50
May '25 May '25 32
April '25 Apr '25 60
March '25 Mar '25 32
February '25 Feb '25 23
January '25 Jan '25 34
December '24 Dec '24 47
November '24 Nov '24 29
October '24 Oct '24 55
September '24 Sep '24 37
August '24 Aug '24 39

Number of HELOC Loans i

4

(Jul 2025)

-42.9%

year-over-year

y-o-y

July '25 Jul '25 4
June '25 Jun '25 9
May '25 May '25 4
April '25 Apr '25 11
March '25 Mar '25 5
February '25 Feb '25 7
January '25 Jan '25 5
December '24 Dec '24 7
November '24 Nov '24 12
October '24 Oct '24 9
September '24 Sep '24 7
August '24 Aug '24 10

Farmington, NM Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

87401

$238,436 $138.88/sqft
87402

$318,636 $166.92/sqft
87499

$253,402 $143.22/sqft

Farmington, NM Foreclosure Activity

There were a total of 3 Farmington, NM properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i

3

(Jul 2025)

+200%

year-over-year

y-o-y

July '25 Jul '25 3
June '25 Jun '25 2
May '25 May '25 8
April '25 Apr '25 5
March '25 Mar '25 3
February '25 Feb '25 3
January '25 Jan '25 12
December '24 Dec '24 3
November '24 Nov '24 5
October '24 Oct '24 5
September '24 Sep '24 N/A
August '24 Aug '24 1

Foreclosure Starts i

3

(Jul 2025)

July '25 Jul '25 3
June '25 Jun '25 2
May '25 May '25 5
April '25 Apr '25 4
March '25 Mar '25 1
February '25 Feb '25 2
January '25 Jan '25 8
December '24 Dec '24 3
November '24 Nov '24 3
October '24 Oct '24 4
September '24 Sep '24 N/A
August '24 Aug '24 N/A

Completed Foreclosures (REOs) i

July '25 Jul '25 N/A
June '25 Jun '25 1
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 3
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 1
November '24 Nov '24 1
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 1

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