Farmington, NM
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
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The Farmington market is classified as Accelerated, with a pending ratio of 0.68 indicating demand absorbing a significant portion of available inventory. Active listings expanded by 6.1% year-over-year, while the median listing price experienced a modest month-over-month increase of 1.8%.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Farmington market right now.
Inventory levels have trended upward, with active listings increasing by 6.1% over the past year and new listings expanding by 15.8% year-over-year. Despite this supply growth, the pending ratio, currently at 0.68, reflects continued demand absorption. Median listing prices show a slight month-over-month rise of 1.8%, though a year-over-year decline of 3.3% suggests a longer-term adjustment. Median days on market saw a marginal decrease of 3.9% year-over-year, indicating a slightly quicker sales pace.
“Local pricing and inventory dynamics across Farmington shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current pending ratio of 0.68 suggests that active demand is sufficiently strong to absorb a substantial portion of new listings, putting some pressure on remaining inventory. While inventory levels have expanded over the past year, the pace of sales, as indicated by days on market, implies that properties are still moving through the market with reasonable velocity. This environment necessitates price discipline from sellers to align with prevailing demand conditions.
Elevated average listing price at $481,768, which is 25.5% above the median listing price of $384,000, combined with a significant 10.0% year-over-year decline in average listing price, suggests some softening in the higher-priced segments of the market.
157 active listings represent the current floor, with new supply arriving at roughly 88 per month.
of active listings carry a price reduction, +0.9% from prior period.
Median price per square foot has moved +5.0% year-over-year.
Pending-to-active ratio — Accelerated.
Recommended For This Market
AcceleratedSelling in Farmington, NM? Buyer Demand Index is running at 68%.
Demand in Farmington, NM is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 68%
- Median Days on Market
- 49 days
- Inventory YoY
- +6%
Demand is strong in Farmington, NM. Check your Sold Score before you price — conditions this favorable don't hold forever.
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Metro Demographics
ZIPs in Farmington, NM
87401
farmington
$357K
64 active · 44 DOM
87410
aztec
$425K
31 active · 58 DOM
87402
farmington
$420K
31 active · 38 DOM
87413
bloomfield
$349K
19 active · 73 DOM
87421
waterflow
$315K
4 active · 43 DOM
87415
flora vista
$502K
3 active · 54 DOM
87417
kirtland
$399K
3 active · 25 DOM
87418
la plata
$850K
2 active · 107 DOM
87419
navajo dam
$335K
1 active · 224 DOM
87412
blanco
$145K
1 active · 227 DOM
Sorted by active inventory · click a ZIP for its full report
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