Farmington

Why you'd want to live in Farmington

The Crossroads Where Dreams Come To Life. Farmington is the crossroads community at the heart of south Oakland County - one of the wealthiest in the U.S. In Farmington you'll find a hometown quality of life. Farmington people still look you in the eye and say: "Hello. You're welcome here!" Within a 10 mile radius of Farmington you will find: 152,631 households 33% of which have children living at home 383,840 people Farmington itself has 10,423 people within the city limits, a median family income of $75,578 and a median housing value of $173,900. There is no better place to live in the Metro Detroit area than Farmington. And, no better value. Come see for yourself. The people of Farmington have made their five city parks part of their lives, and the parks have made their lives richer. Such activities as the annual Duck Race, Youth Baseball Tournament, ice-skating, and the recreation programs shared with the City of Farmington Hills show the parks to be popular and busy places many days of the year. via City of Farmington website

Farmington Market Report

$202,501

AVERAGE PRICE OF 48 HOMES

$219,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$368,888

AVERAGE PRICE OF 1 NEWLY BUILT HOMES

$127,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

$170,660

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $202,501
Avg Bedrooms 3 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom n/a
2 bedrooms $121,942
3 bedrooms $199,965
4 bedrooms $267,066
5 bedrooms $244,900
Farmington Home Price Trends
  4/2017 3/2017 2/2017 1/2017 12/2016
Total Listings 35 24 25 20 29
Average Price $199,080 $189,164 $202,196 $192,226 $183,942
Avg Price Change +5.24% -6.89% +5.19% +4.50% +0.06%
Median Price $199,332 $198,714 $202,430 $186,569 $170,019
Med Price Change +0.31% -1.87% +8.50% +9.73% -0.75%
Avg Bedrooms 3 beds 3 beds 3 beds 2.23 beds 2 beds
Avg Bathrooms 1.73 baths 1.67 baths 1.65 baths 1.6 baths 1.56 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 48 $202,501 27 days
Distressed Homes 1 $219,000 129 days
Newly Built Homes 1 $368,888 57 days
Homes with a Pool 2 $127,000 22 days
Reduced Price Homes 5 $170,660 73 days