Call or Text (240) SELL-123

FARMINGTON, KY 42040

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The FARMINGTON, KY real estate market (42040) currently shows 2 active listings, with 1 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 107 days on market compared to 158 days last year.

The median listing price has risen 68.1% year-over-year, from $166,500 to $279,950.

Whether you are buying or selling in FARMINGTON, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for FARMINGTON, KY 42040 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 845  ·  Density: 10.3/mi²  ·  Median household income: $57,794

Typical home value: $123,262  ·  Homeownership: 92.3%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$279,950
⇧ 68.1% vs $166,500 last year
Average Price
$279,950
⇧ 68.1% vs $166,500 last year
Days on Market
107
⇩ 32.3% vs 158 days last year

Price Per Square Foot

Median $/sqft
$139
⇧ 31.1% vs $106/sqft last year
Median Home Size
1,999 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 107 now vs 158 last year

Median & Average Pricing

Year over Year
  • Median: $279,950 (+68.1% YoY)
  • Average: $279,950 (+68.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.9 miles — 249 listings ($83,715,348 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
42040Farmington, KY 420400.0 mi3$839,850$279,950$279,950
42066Mayfield, KY 4206610.7 mi74$20,451,158$261,225$276,367
42020Almo, KY 4202012.6 mi5$1,529,875$287,000$305,975
38226Dukedom, TN 3822613.5 mi1$99,900$99,900$99,900
38241Palmersville, TN 3824114.4 mi3$450,000$150,000$150,000
38224Cottage Grove, TN 3822416.1 mi4$1,209,200$375,000$302,300
42085Water Valley, KY 4208516.9 mi2$329,900$164,950$164,950
42051Hickory, KY 4205117.8 mi2$256,000$128,000$128,000
42082Symsonia, KY 4208220.2 mi6$1,624,398$267,050$270,733
42041Fulton, KY 4204121.3 mi23$4,309,901$164,250$187,387
38222Buchanan, TN 3822222.6 mi20$13,762,820$389,900$688,141
38225Dresden, TN 3822523.4 mi18$5,020,218$233,500$278,901
38242Paris, TN 3824223.9 mi88$33,832,128$282,250$384,456

Frequently Asked Questions

How many homes are for sale in FARMINGTON, KY 42040?

As of March 2026, there are 2 active listings in FARMINGTON, KY (zip code 42040), compared to 1 the prior year.

What is the median home price in FARMINGTON, KY 42040?

The median listing price in FARMINGTON, KY 42040 is $279,950 as of March 2026, a 68.1% increase from $166,500 the prior year.

How long do homes stay on the market in FARMINGTON, KY?

Homes in FARMINGTON, KY 42040 spend an average of 107 days on the market before going under contract, compared to 158 days the prior year.

Is it a seller's or buyer's market in FARMINGTON, KY 42040?

Based on current inventory and days-on-market data as of March 2026, FARMINGTON, KY 42040 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 107 days on market compared to 158 days last year.

How much can I save on real estate commission in FARMINGTON, KY?

With SELL123.com's maximum 3% commission, sellers in FARMINGTON, KY 42040 save an estimated $5,599 compared to a typical 5% commission on the median listing price of $279,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.