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FARMINGTON, NM 87402

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

Market Overview

Active Listings
50
⇧ 31.6% vs 38 last year
Pending
14
28% pending ratio
Median Price
$427,450
⇩ 1.4% vs $433,675 last year
Average Price
$489,995
⇩ 5.4% vs $517,876 last year
Days on Market
82
⇧ 10.8% vs 74 days last year

Market Context

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

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

Market Analysis

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

The FARMINGTON, NM real estate market (87402) currently shows 50 active listings, with 14 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 82 days on market compared to 74 days last year.

The median listing price has fallen 1.4% year-over-year, from $433,675 to $427,450.

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: 50 this year vs 38 last year
  • Days on market: 82 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $427,450 (-1.4% YoY)
  • Average: $489,995 (-5.4% 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 67.5 miles — 576 listings ($564,771,430 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87402Farmington, NM 874020.0 mi50$24,499,750$427,450$489,995
87401Farmington, NM 874014.2 mi95$44,191,625$359,500$465,175
87417Kirtland, NM 8741711.4 mi3$1,057,500$352,500$352,500
87416Fruitland, NM 8741621.5 mi2$240,000$120,000$120,000
81326Hesperus, CO 8132624.6 mi16$52,693,824$1,650,000$3,293,364
81303Durango, CO 8130328.3 mi35$36,694,455$957,500$1,048,413
81137Ignacio, CO 8113734.6 mi18$8,852,724$411,950$491,818
81328Mancos, CO 8132836.3 mi19$21,018,997$824,450$1,106,263
81321Cortez, CO 8132149.6 mi79$39,501,501$442,500$500,019
81301Durango, CO 8130152.8 mi223$301,357,740$849,000$1,351,380
81323Dolores, CO 8132359.6 mi31$31,219,914$739,500$1,007,094
81332Rico, CO 8133263.2 mi4$3,118,400$775,000$779,600
87029Lindrith, NM 8702967.5 mi1$325,000$325,000$325,000

Frequently Asked Questions

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

As of January 2026, there are 50 active listings in FARMINGTON, NM (zip code 87402), compared to 38 the prior year.

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

The median listing price in FARMINGTON, NM 87402 is $427,450 as of January 2026, a 1.4% decrease from $433,675 the prior year.

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

Homes in FARMINGTON, NM 87402 spend an average of 82 days on the market before going under contract, compared to 74 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 January 2026, FARMINGTON, NM 87402 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 74 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 $8,549 compared to a typical 5% commission on the median listing price of $427,450. 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.