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ZIP 87401 in Farmington, NM: housing market trends

The median home sale price in ZIP 87401 in Farmington, NM was $298,912 for the three-month period ending September 2026. Sale prices were 4.6% higher 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
$298,912
three-month period ending September 2026
Median sale price per sq ft
$182.80
three-month period ending September 2026
Active listings
187
three-month period ending September 2026
Typical monthly rent
$1,245
Rent index · August 2026

How is housing inventory changing?

There were 187 active listings for the three-month period ending September 2026. Active listings were 10.0% 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 20 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 87401 in Farmington, NM
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$298,912$182.8098
Single-familySeptember 2026$299,824$183.1787
TownhousesSeptember 2026$280,000$166.996 · small sample
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026$245,000$241.675 · small sample

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 87401 in Farmington, NM
MarketMedian sale priceReporting period / source
Farmington, NM$321,000Month ending July 2026 · Zillow
Flora Vista, NM$407,3063 months ending September 2026 · Redfin
Kirtland, NM$380,7633 months ending September 2026 · Redfin
La Plata, NM$372,2733 months ending September 2026 · Redfin
Bloomfield, NM$259,8763 months ending September 2026 · Redfin
Fruitland, NM$218,5003 months ending May 2026 · 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 87401 in Farmington, NM
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$298,912$182.80187
August 2026$307,000$182.94186
July 2026$309,500$180.91191
June 2026$324,000$183.71186
May 2026$324,000$183.71172
April 2026$339,250$190.00152
March 2026$297,000$189.39138
February 2026$263,500$183.44138
January 2026$267,000$179.29126
December 2025$280,500$178.67139
November 2025$285,000$175.70156
October 2025$285,363$174.60164
September 2025$285,725$176.44170
August 2025$298,250$175.19168
July 2025$295,250$174.21173
June 2025$291,500$169.79179
May 2025$272,000$175.64178
April 2025$271,000$176.28163
March 2025$284,000$166.86153
February 2025$298,000$162.98144
January 2025$281,500$166.84140
December 2024$286,500$167.37149
November 2024$280,000$164.51164
October 2024$284,950$158.87167

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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