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Farmington, NM 87401 Real Estate & Property Data

Farmington, NM 87401 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 570 residential properties have been sold over the past 12 months in 87401. With a median sales price of $265,410 in 87401 and a total of 1 foreclosures in Farmington, NM 87401. Discover market trends and get the granular level real estate data for Farmington, NM 87401 to keep your pulse on the housing market. Curate compelling home reports for Farmington, NM 87401 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Farmington, NM 87401 Real Estate Market Trends

Get property data for any address in Farmington, NM 87401 or the country:

Total Residential Properties 17,925

Total Commercial Properties 1,259

Avg. Home Age (Single Family Home) 42 Years

Avg. Square Feet (Single Family Home) 1,717

Total 2025 Residential Sales (year-to-date) 293

% of Homes Seriously Underwater (Q3 2025) 0.92%

Total 2024 Residential Sales 542

% of Equity Rich Homes (Q3 2025) 22.5%

Effective 2024 Property Tax 0.52%

Total Foreclosure Filings (year-to-date) 26

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Farmington, NM 87401 Real Estate Overview

There were 570 residential properties sold in the past year in Farmington, NM 87401. The median home value in Farmington, NM 87401 is $238,436. There are a total of 17,925 residential properties in the 87401.

Median Sales Price i

$265,410

(Jul 2025)

+7%

year-over-year

y-o-y

July '25 Jul '25 $265,410
June '25 Jun '25 $272,110
May '25 May '25 $306,491
April '25 Apr '25 $274,724
March '25 Mar '25 $265,516
February '25 Feb '25 $273,707
January '25 Jan '25 $258,329
December '24 Dec '24 $278,376
November '24 Nov '24 $272,640
October '24 Oct '24 $274,724
September '24 Sep '24 $257,137
August '24 Aug '24 $258,328

Median Down Payment i

$37,938

(Jul 2025)

+51.8%

year-over-year

y-o-y

July '25 Jul '25 $37,938
June '25 Jun '25 $51,000
May '25 May '25 $54,687
April '25 Apr '25 $36,425
March '25 Mar '25 $55,500
February '25 Feb '25 $38,207
January '25 Jan '25 $34,500
December '24 Dec '24 $52,000
November '24 Nov '24 $12,945
October '24 Oct '24 $55,219
September '24 Sep '24 $30,938
August '24 Aug '24 $49,858

Number of Homes Sold i

46

(Jul 2025)

-8%

year-over-year

y-o-y

July '25 Jul '25 46
June '25 Jun '25 56
May '25 May '25 43
April '25 Apr '25 41
March '25 Mar '25 45
February '25 Feb '25 27
January '25 Jan '25 35
December '24 Dec '24 39
November '24 Nov '24 34
October '24 Oct '24 55
September '24 Sep '24 54
August '24 Aug '24 45

Number of Purchase Loans i

29

(Jul 2025)

+7.4%

year-over-year

y-o-y

July '25 Jul '25 29
June '25 Jun '25 36
May '25 May '25 31
April '25 Apr '25 29
March '25 Mar '25 27
February '25 Feb '25 23
January '25 Jan '25 26
December '24 Dec '24 24
November '24 Nov '24 25
October '24 Oct '24 36
September '24 Sep '24 26
August '24 Aug '24 31

Number of REFI Loans i

32

(Jul 2025)

+52.4%

year-over-year

y-o-y

July '25 Jul '25 32
June '25 Jun '25 32
May '25 May '25 28
April '25 Apr '25 44
March '25 Mar '25 25
February '25 Feb '25 14
January '25 Jan '25 26
December '24 Dec '24 37
November '24 Nov '24 21
October '24 Oct '24 42
September '24 Sep '24 27
August '24 Aug '24 22

Number of HELOC Loans i

1

(Jul 2025)

-80%

year-over-year

y-o-y

July '25 Jul '25 1
June '25 Jun '25 8
May '25 May '25 4
April '25 Apr '25 7
March '25 Mar '25 5
February '25 Feb '25 5
January '25 Jan '25 5
December '24 Dec '24 4
November '24 Nov '24 10
October '24 Oct '24 3
September '24 Sep '24 7
August '24 Aug '24 8

Farmington, NM 87401 Real Estate Market Overview

Last 30 days

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Farmington, NM 87401 Foreclosure Activity

There were a total of 1 Farmington, NM 87401 properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i

1

(Jul 2025)

year-over-year

y-o-y

July '25 Jul '25 1
June '25 Jun '25 2
May '25 May '25 6
April '25 Apr '25 4
March '25 Mar '25 2
February '25 Feb '25 3
January '25 Jan '25 8
December '24 Dec '24 2
November '24 Nov '24 4
October '24 Oct '24 4
September '24 Sep '24 N/A
August '24 Aug '24 N/A

Foreclosure Starts i

1

(Jul 2025)

July '25 Jul '25 1
June '25 Jun '25 2
May '25 May '25 4
April '25 Apr '25 3
March '25 Mar '25 1
February '25 Feb '25 2
January '25 Jan '25 5
December '24 Dec '24 2
November '24 Nov '24 3
October '24 Oct '24 3
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

Nearby Zip Codes

1. 87402
2. 87499

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