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FARMINGTON, NM 87401

Real Estate Market Report  ·  San Juan County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
95
⇩ 11.2% vs 107 last year
Pending
42
44% pending ratio
Median Price
$359,500
⇧ 2.9% vs $349,496 last year
Average Price
$465,175
⇩ 2.9% vs $479,142 last year
Days on Market
76
⇩ 5% vs 80 days last year

Market Context

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

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

Market Analysis

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

The FARMINGTON, NM real estate market (87401) currently shows 95 active listings, with 42 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 76 days on market compared to 80 days last year.

The median listing price has risen 2.9% year-over-year, from $349,496 to $359,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 95 this year vs 107 last year
  • Days on market: 76 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $359,500 (+2.9% YoY)
  • Average: $465,175 (-2.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 68.0 miles — 507 listings ($491,479,232 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87401Farmington, NM 874010.0 mi95$44,191,625$359,500$465,175
87415Flora Vista, NM 874157.7 mi5$2,187,375$405,000$437,475
87418La Plata, NM 8741814.7 mi4$2,327,468$399,000$581,867
87410Aztec, NM 8741018.3 mi36$35,458,596$449,900$984,961
81329Marvel, CO 8132926.1 mi1$250,000$250,000$250,000
81303Durango, CO 8130332.5 mi35$36,694,455$957,500$1,048,413
87412Blanco, NM 8741237.2 mi3$1,176,600$392,200$392,200
81328Mancos, CO 8132839.5 mi19$21,018,997$824,450$1,106,263
81321Cortez, CO 8132151.2 mi79$39,501,501$442,500$500,019
81301Durango, CO 8130157.0 mi223$301,357,740$849,000$1,351,380
81335Yellow Jacket, CO 8133562.9 mi5$5,399,875$585,000$1,079,975
81331Pleasant View, CO 8133165.2 mi1$1,590,000$1,590,000$1,590,000
87029Lindrith, NM 8702968.0 mi1$325,000$325,000$325,000

Frequently Asked Questions

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

As of January 2026, there are 95 active listings in FARMINGTON, NM (zip code 87401), compared to 107 the prior year.

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

The median listing price in FARMINGTON, NM 87401 is $359,500 as of January 2026, a 2.9% increase from $349,496 the prior year.

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

Homes in FARMINGTON, NM 87401 spend an average of 76 days on the market before going under contract, compared to 80 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 January 2026, FARMINGTON, NM 87401 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 76 days on market compared to 80 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 $7,190 compared to a typical 5% commission on the median listing price of $359,500. 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.