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FARMINGTON, NM 87402

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

Market Analysis

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

The FARMINGTON, NM real estate market (87402) currently shows 45 active listings, with 21 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 52 days last year.

The median listing price has fallen 18.6% year-over-year, from $487,700 to $396,975.

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: 10,362  ·  Density: 257.7/mi²  ·  Median household income: $72,869

Typical home value: $263,028  ·  Homeownership: 76.1%

Market Overview

Active Listings
45
⇧ 12.5% vs 40 last year
Pending
21
47% pending ratio
Median Price
$396,975
⇩ 18.6% vs $487,700 last year
Average Price
$479,805
⇩ 16.5% vs $574,630 last year
Days on Market
57
⇧ 9.6% vs 52 days last year

Price Per Square Foot

Median $/sqft
$195
⇩ 1% vs $197/sqft last year
Median Home Size
2,238 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 45 this year vs 40 last year
  • Days on market: 57 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $396,975 (-18.6% YoY)
  • Average: $479,805 (-16.5% 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 67.5 miles — 307 listings ($266,472,831 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87402Farmington, NM 874020.0 mi54$27,781,704$420,225$514,476
87401Farmington, NM 874014.2 mi99$47,500,200$382,000$479,800
87417Kirtland, NM 8741711.4 mi3$885,000$295,000$295,000
87416Fruitland, NM 8741621.5 mi2$480,000$240,000$240,000
81326Hesperus, CO 8132624.6 mi16$64,978,640$1,545,000$4,061,165
81303Durango, CO 8130328.3 mi31$30,910,596$911,750$997,116
81137Ignacio, CO 8113734.6 mi15$8,163,465$550,000$544,231
81328Mancos, CO 8132836.3 mi18$20,585,862$779,925$1,143,659
81121Arboles, CO 8112143.1 mi5$2,698,750$497,500$539,750
81122Bayfield, CO 8112250.7 mi53$52,061,741$711,325$982,297
81327Lewis, CO 8132757.5 mi6$5,026,998$656,250$837,833
81335Yellow Jacket, CO 8133560.7 mi5$5,399,875$585,000$1,079,975
87029Lindrith, NM 8702967.5 mi0$0$399,000$399,000

Frequently Asked Questions

How many homes are for sale in FARMINGTON, NM 87402?

As of April 2026, there are 45 active listings in FARMINGTON, NM (zip code 87402), compared to 40 the prior year.

What is the median home price in FARMINGTON, NM 87402?

The median listing price in FARMINGTON, NM 87402 is $396,975 as of April 2026, a 18.6% decrease from $487,700 the prior year.

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

Homes in FARMINGTON, NM 87402 spend an average of 57 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in FARMINGTON, NM 87402?

Based on current inventory and days-on-market data as of April 2026, FARMINGTON, NM 87402 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 52 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 87402 save an estimated $7,940 compared to a typical 5% commission on the median listing price of $396,975. 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.