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ZIP 55024 in Farmington, MN: housing market trends

The median home sale price in ZIP 55024 in Farmington, MN was $400,882 for the three-month period ending September 2026. Sale prices were 2.8% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$400,882
three-month period ending September 2026
Median sale price per sq ft
$194.49
three-month period ending September 2026
Active listings
369
three-month period ending September 2026
Typical monthly rent
$1,928
Rent index · August 2026

How is housing inventory changing?

There were 369 active listings for the three-month period ending September 2026. Active listings were 22.2% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 29 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 55024 in Farmington, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$400,882$194.49196
Single-familySeptember 2026$439,389$204.06149
TownhousesSeptember 2026$285,250$174.2344
Condos / co-opsSeptember 2026$208,994$211.844 · small sample
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 55024 in Farmington, MN
MarketMedian sale priceReporting period / source
Farmington, MN$384,8173 months ending September 2026 · Redfin
Lakeville, MN$491,000Month ending July 2026 · Zillow
Hampton, MN$450,0003 months ending July 2026 · Redfin
Apple Valley, MN$380,000Month ending July 2026 · Zillow
Rosemount, MN$430,0033 months ending September 2026 · Redfin
Vermillion, MN$460,0003 months ending June 2025 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 55024 in Farmington, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$400,882$194.49369
August 2026$400,000$192.24382
July 2026$405,000$189.22383
June 2026$394,900$184.97375
May 2026$389,000$190.83349
April 2026$377,800$192.14318
March 2026$375,000$193.70280
February 2026$395,000$188.93245
January 2026$417,500$190.96234
December 2025$390,000$183.21263
November 2025$407,500$186.98279
October 2025$405,000$186.82290
September 2025$412,600$189.66302
August 2025$401,500$193.50319
July 2025$395,000$193.66328
June 2025$390,000$194.87315
May 2025$377,200$191.89310
April 2025$378,900$185.71271
March 2025$372,000$180.01249
February 2025$413,000$180.01225
January 2025$414,848$191.46235
December 2024$414,424$195.35227
November 2024$399,976$195.17275
October 2024$401,950$196.39289

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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