Farmington, IL Housing Market

Homes for sale

The Farmington housing market is somewhat competitive. The median sale price of a home in Farmington was $107K last month, up 19.7% since last year. The median sale price per square foot in Farmington is $53, down 8.6% since last year.

Trends
Demand
Migration
Schools
Climate

Farmington Housing Market Trends

What is the housing market like in Farmington today?

In October 2024, Farmington home prices were up 19.7% compared to last year, selling for a median price of $107K.

$60K

Sale Price

-41.2%
since last year

$53

Sale $/Sq. Ft.

-8.6%
since last year

Under List Price

3.5%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Farmington and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Farmington add value to a home.

How hot is the Farmington housing market?

Farmington is somewhat competitive. Homes sell in 42 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 42 days.
Hot homes
can sell for around list price and go pending in around 9 days.

Compare With Nearby Cities

Peoria

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 22 days.
Hot homes
can sell for about 1% above list price and go pending in around 6 days.

Dunlap

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 10 days.
Hot homes
can sell for about 4% above list price and go pending in around 3 days.

See more nearby cities and neighborhoods

Farmington Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Farmington that sold recently

Recently sold homes

SOLD NOV 1, 2024
$100,000 Last Sold Price
3 beds
1 bath
1,176 sq ft
517 W Fulton St, Farmington, IL 61531
List Price
$119,000
Sale to List
16% under list
Days on Market
57 days
517 W Fulton St, Farmington, IL 61531
SOLD OCT 23, 2024
$143,000 Last Sold Price
3 beds
2 baths
1,448 sq ft
498 Main St, Farmington, IL 61531
List Price
$139,900
Sale to List
2% over list
Days on Market
42 days
498 Main St, Farmington, IL 61531
SOLD OCT 11, 2024
$69,900 Last Sold Price
2 beds
1 bath
1,328 sq ft
95 N Brebner Ave, Farmington, IL 61531
List Price
$69,900
Sale to List
0% over list
Days on Market
48 days
95 N Brebner Ave, Farmington, IL 61531
SOLD OCT 1, 2024
$215,000 Last Sold Price
3 beds
2 baths
1,802 sq ft
23040 E Ryer Dr, Farmington, IL 61531
List Price
$220,000
Sale to List
2% under list
Days on Market
59 days
23040 E Ryer Dr, Farmington, IL 61531
SOLD SEP 19, 2024
$176,000 Last Sold Price
3 beds
2 baths
2,184 sq ft
439 S Apple St, Farmington, IL 61531
List Price
$179,900
Sale to List
2% under list
Days on Market
126 days
439 S Apple St, Farmington, IL 61531
SOLD SEP 16, 2024
$87,000 Last Sold Price
2 beds
1 bath
1,211 sq ft
177 S Cone St, Farmington, IL 61531
List Price
$89,900
Sale to List
3% under list
Days on Market
56 days
177 S Cone St, Farmington, IL 61531
SOLD SEP 12, 2024
$185,000 Last Sold Price
3 beds
3 baths
2,136 sq ft
617 S Main St, Farmington, IL 61531
List Price
$189,900
Sale to List
3% under list
Days on Market
38 days
617 S Main St, Farmington, IL 61531
SOLD SEP 5, 2024
$101,000 Last Sold Price
3 beds
2 baths
1,376 sq ft
155 N Gold St, Farmington, IL 61531
List Price
$102,500
Sale to List
1% under list
Days on Market
108 days
155 N Gold St, Farmington, IL 61531
See all recently sold homes in Farmington.
See listings

Schools in Farmington

Learn about schools in the Farmington area

Elementary
Middle
High

GreatSchools Rating

5/10

Farmington Central Elementary School

Public • PreK-5

557

Students

3 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Farmington housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Farmington.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

98% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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