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FARMINGTON, NM 87401

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

Market Analysis

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

The FARMINGTON, NM real estate market (87401) currently shows 99 active listings, with 48 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 45 days on market compared to 41 days last year.

The median listing price has risen 20% year-over-year, from $349,998 to $420,000.

Whether you are buying or selling in FARMINGTON, NM, 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.

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Market Context

Market Context

Population: 46,398  ·  Density: 134.9/mi²  ·  Median household income: $52,654

Typical home value: $190,996  ·  Homeownership: 61.9%

Market Overview

Active Listings
99
⇩ 13.9% vs 115 last year
Pending
48
48% pending ratio
Median Price
$420,000
⇧ 20% vs $349,998 last year
Average Price
$495,342
⇧ 1.2% vs $489,262 last year
Days on Market
45
⇧ 9.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$188
⇩ 2.6% vs $193/sqft last year
Median Home Size
2,192 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 99 this year vs 115 last year
  • Days on market: 45 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $420,000 (+20% YoY)
  • Average: $495,342 (+1.2% 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 68.0 miles — 289 listings ($209,665,262 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87401Farmington, NM 874010.0 mi99$47,500,200$382,000$479,800
87415Flora Vista, NM 874157.7 mi5$2,436,750$478,725$487,350
87418La Plata, NM 8741814.7 mi3$2,069,925$689,975$689,975
87410Aztec, NM 8741018.3 mi39$27,592,071$420,000$707,489
81329Marvel, CO 8132926.1 mi1$250,000$250,000$250,000
81303Durango, CO 8130332.5 mi31$30,910,596$911,750$997,116
87420Shiprock, NM 8742036.6 mi1$69,900$69,900$69,900
81137Ignacio, CO 8113738.2 mi15$8,163,465$550,000$544,231
81121Arboles, CO 8112146.4 mi5$2,698,750$497,500$539,750
81122Bayfield, CO 8112254.7 mi53$52,061,741$711,325$982,297
81327Lewis, CO 8132759.8 mi6$5,026,998$656,250$837,833
81323Dolores, CO 8132363.1 mi31$30,884,866$700,000$996,286
87029Lindrith, NM 8702968.0 mi0$0$399,000$399,000

Frequently Asked Questions

How many homes are for sale in FARMINGTON, NM 87401?

As of March 2026, there are 99 active listings in FARMINGTON, NM (zip code 87401), compared to 115 the prior year.

What is the median home price in FARMINGTON, NM 87401?

The median listing price in FARMINGTON, NM 87401 is $420,000 as of March 2026, a 20% increase from $349,998 the prior year.

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

Homes in FARMINGTON, NM 87401 spend an average of 45 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in FARMINGTON, NM 87401?

Based on current inventory and days-on-market data as of March 2026, FARMINGTON, NM 87401 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 41 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FARMINGTON, NM 87401 save an estimated $8,400 compared to a typical 5% commission on the median listing price of $420,000. 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.