Farmington Real Estate

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Farmington, Minnesota
Average Home Sizes and Asking Prices

Updated On: August 21, 2019
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
55024 2,800 sf $406,000 1,800 sf $319,000 76 1,900 sf $216,000 1,400 sf $191,000 14


55024 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  26   $289k
 1 Year Ago  24   $296k
 6 Months Ago   11   $314k
 1 Month Ago  22   $333k
 Today  21   $331k
*Averaged for 3 bedroom active listings



Asking Price in 55024 - 3 Bedroom Single Family Homes
55024 real estate listing price trend

Demographics & Schools Mortgage Calculator Area Map

Farmington Real Estate & Homes for Sale in Minnesota

Welcome to Farmington, Minnesota, a wonderful community located in Dakota County. Farmington is a suburb of the Minneapolis/ Saint Paul area and is largely of residential development. Farmington is host to The Dakota County Fairground.

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Farmington Real Estate Market Info - Prices of Houses for Sale in Farmington

Buyers looking to purchase a home in the pleasant community of Farmington will find that the area predominantly offers listings of single family homes, with a few listings of condos and townhomes. Prices for Farmington's single family homes run the pricing spectrum of $89,900 to $400,000. A 2-bedroom/1.5 bathroom condo or townhome in Farmington starts at $89,900.


Farmington Real Estate Stats and Trends for the week of August 21st, 2019: homes priced around $319,335 compared to $397,042 the previous week, showing a decrease of less than -24%.  For Wednesday, August 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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