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Farmington, NM 87401 Real Estate & Property Data

Farmington, NM 87401 Real Estate Market Trends

Last Updated: April 27, 2024

A total of 601 residential properties have been sold over the past 12 months in 87401. With a median sales price of $241,133 in 87401 and a total of 2 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 17,842

Total Commercial Properties 1,250

Avg. Home Age (Single Family Home) 41 Years

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

Total 2024 Residential Sales (year-to-date) 81

% of Homes Seriously Underwater (Q2 2024) 0.7%

Total 2023 Residential Sales 551

% of Equity Rich Homes (Q2 2024) 25.85%

Effective 2023 Property Tax 0.48%

Total Foreclosure Filings (year-to-date) 3

Farmington, NM 87401 Real Estate Overview

There were 601 residential properties sold in the past year in Farmington, NM 87401. The median home value in Farmington, NM 87401 is $246,882. There are a total of 17,842 residential properties in the 87401.

Median Sales Price i

$241,133

(Feb 2024)

+6.4%

year-over-year

y-o-y

February '24 Feb '24 $241,133
January '24 Jan '24 $212,513
December '23 Dec '23 $293,148
November '23 Nov '23 $215,000
October '23 Oct '23 $284,899
September '23 Sep '23 $267,188
August '23 Aug '23 $244,200
July '23 Jul '23 $237,077
June '23 Jun '23 $240,645
May '23 May '23 $249,228
April '23 Apr '23 $226,137
March '23 Mar '23 $234,024

Median Down Payment i

$14,423

(Feb 2024)

-53.5%

year-over-year

y-o-y

February '24 Feb '24 $14,423
January '24 Jan '24 $18,750
December '23 Dec '23 $45,105
November '23 Nov '23 $24,917
October '23 Oct '23 $12,375
September '23 Sep '23 $52,250
August '23 Aug '23 $45,862
July '23 Jul '23 $53,437
June '23 Jun '23 $41,168
May '23 May '23 $34,069
April '23 Apr '23 $36,250
March '23 Mar '23 $42,420

Number of Homes Sold i

41

(Feb 2024)

+13.9%

year-over-year

y-o-y

February '24 Feb '24 41
January '24 Jan '24 40
December '23 Dec '23 33
November '23 Nov '23 41
October '23 Oct '23 49
September '23 Sep '23 57
August '23 Aug '23 70
July '23 Jul '23 41
June '23 Jun '23 54
May '23 May '23 47
April '23 Apr '23 39
March '23 Mar '23 53

Number of Purchase Loans i

26

(Feb 2024)

+8.3%

year-over-year

y-o-y

February '24 Feb '24 26
January '24 Jan '24 21
December '23 Dec '23 21
November '23 Nov '23 23
October '23 Oct '23 27
September '23 Sep '23 32
August '23 Aug '23 57
July '23 Jul '23 28
June '23 Jun '23 41
May '23 May '23 30
April '23 Apr '23 28
March '23 Mar '23 38

Number of REFI Loans i

28

(Feb 2024)

+250%

year-over-year

y-o-y

February '24 Feb '24 28
January '24 Jan '24 19
December '23 Dec '23 23
November '23 Nov '23 16
October '23 Oct '23 17
September '23 Sep '23 16
August '23 Aug '23 24
July '23 Jul '23 18
June '23 Jun '23 14
May '23 May '23 15
April '23 Apr '23 13
March '23 Mar '23 16

Number of HELOC Loans i

4

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 4
December '23 Dec '23 4
November '23 Nov '23 3
October '23 Oct '23 6
September '23 Sep '23 1
August '23 Aug '23 8
July '23 Jul '23 9
June '23 Jun '23 6
May '23 May '23 9
April '23 Apr '23 10
March '23 Mar '23 7

Farmington, NM 87401 Real Estate Market Overview

Last 30 days

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Farmington, NM 87401 Foreclosure Activity

There were a total of 2 Farmington, NM 87401 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 3
November '23 Nov '23 2
October '23 Oct '23 2
September '23 Sep '23 N/A
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 2
May '23 May '23 N/A
April '23 Apr '23 5
March '23 Mar '23 1

Foreclosure Starts i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 3
March '23 Mar '23 N/A

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 2
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 N/A
April '23 Apr '23 5
March '23 Mar '23 1

Nearby Zip Codes

1. 87402
2. 87499

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