Farmington, MI Housing Market 2026: Median Home Price, Last 12 Months

If you invest in or around Farmington, the number that matters is what homes actually close for, not what sellers are asking. Here is what Farmington sale prices look like right now, built from the closings Resideline tracked over the last 12 months, as of October 2026.

The snapshot

• •Closings tracked, last 12 months: 142
• •Median sold price, last 12 months: $334,500
• •Median sold $/sqft, last 12 months: $185
• •Middle half of sales closed between: $255,000 and $410,000

What the numbers say

Resideline tracked 142 closed sales in Farmington over the last 12 months, with a median closing price of $334,500. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $255,000 and $410,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 142 closings with usable living area, the middle half sold between $155 and $221 per square foot.

Figures last updated November 4, 2026 from closings Resideline tracked.

Median home price in Farmington, MI (October 2026)

The median home price in Farmington is $334,500, measured across the 142 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $255,000 and $410,000.

Where Farmington sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Farmington over the last 12 months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $255,000 and $410,000. Among the 79 Michigan markets with a published band, Farmington's middle-half spread ($255,000 to $410,000) ranks 29th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 13 days, across 99 Farmington closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 22 days, across 96 Farmington closings Resideline tracked in the last 12 months

Both are measured from the closings themselves, not from listing inventory. Each sale is timed using its own listing and contract dates. That is why these counts are smaller than the 142 closings above: a sale is counted here only when we hold both of its dates.

The Farmington angle

Farmington's headline figure from the last 12 months is a median closed sale price of $334,500, drawn from 142 closings Resideline tracked. A median is a specific kind of fact: half of those tracked sales closed above it and half below, which makes it a sturdy description of the market's center and a poor stand-in for any single address. It also moves with whatever happened to close in a given stretch, so treat it as a reference level rather than a valuation. To price an actual Farmington property, work from closed sales that resemble it as closely as possible, then use $334,500 to judge whether your result describes the same market those sales came from.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Farmington address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Farmington, MI
Geography: incorporated municipality, Census place 2627380
Data updated: October 2026
Analysis period: last 12 months
Tracked closings: 142
Median sold price: $334,500
Median sold $/sqft: $185 (142 qualifying)
https://resideline.com/blog/farmington-mi-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/farmington-mi-housing-market">
  <img src="https://resideline.com/images/embed/farmington-mi.png" alt="Farmington, MI home sale price distribution, last 12 months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/farmington-mi-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Farmington over the last 12 months, and is refreshed when the data is. The closings we track within the Farmington city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 12% of the 142 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $340,000.