Farmington, MI Real Estate Market Summary – September 8, 2026
In Farmington, MI, the real estate market has seen 13 homes sold in the past month, with an average living area of approximately 1,769 square feet. These homes had an average listing period of about 13 days before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 13 |
| Sold Per Day | 1 every 2.31 days |
| Average SQFT | 1769 |
| Median Sales Price | $330,000 |
| Average Sales Price | $339,385 |
| Average Price Per SQFT | $201 |
| Average Days on Market | 13 |
| Average Year Built | 1960 |
Farmington, MI Single Family Home Analysis
For single-family homes, 8 properties sold with a median living area of 1,880 square feet. These homes averaged a sale price of $349,000 and typically spent around 11 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1860 |
| Median Sales Price | $346,500 |
| Average Sales Price | $349,000 |
| Average Price Per SQFT | $199 |
| Average Days on Market | 11 |
| Average Year Built | 1959 |
Farmington, MI Condo & Townhome Analysis
In the condo and townhome segment, 4 properties changed hands, averaging 1,290 square feet in size. The average sale price for these homes was $242,500, with an average of 15 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 4 |
| Sold Per Day | 1 every 7.50 days |
| Average SQFT | 1290 |
| Median Sales Price | $272,500 |
| Average Sales Price | $242,500 |
| Average Price Per SQFT | $201 |
| Average Days on Market | 15 |
| Average Year Built | 1977 |
Buyer & Seller Analysis
- Average of 0.43 homes sold per day in the total market.
- Single-family homes are closing at a pace of 1 every 3.75 days.
- Condos and townhomes have a closing pace of 1 every 7.50 days.
- Days on market for the overall market averaged about 13 days.
Conclusion
The real estate activity in Farmington reflects a consistent movement in various segments. With a manageable pace and reasonable days on market, the current conditions suggest continued interest in the area.