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City / Town Overview

Farmington, NM

Aggregate real estate market report across all ZIPs in scope
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The Farmington, NM real estate market currently shows 154 active listings, with 84 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 43 days on market compared to 54.4 days last year.

The median listing price has fallen 10.4% year-over-year, from $403,995 to $361,851.

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Market Context

Market Context

Population: 57,628  ·  Density: 155.0/mi²  ·  Median household income: $55,960

Typical home value: $201,071  ·  Homeownership: 64.8%

Included Areas

Farmington: 87401, 87402, 87499

Area Map

Market Overview

Active Listings
154
⇩ 8.9% vs 169 last year
Pending
84
55% pending ratio
Median Price
$361,851
⇩ 10.4% vs $403,995 last year
Average Price
$465,008
⇩ 6.1% vs $494,982 last year
Days on Market
43
⇩ 21% vs 54 days last year

Price Per Square Foot

Median $/sqft
$192
⇧ 2.9% vs $187/sqft last year
Median Home Size
2,011 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %