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About Farmington

As its name may suggest, Farmington began as an agricultural hub for area farmers. It became the leading oil and gas-producing area in the state after reserves were discovered there in the 1920s and the industry is still an economic force today. But the biggest draw now is recreation. “People come here to enjoy tons of activities in beautiful weather,” says Allen Elmore, Realtor with eXp Realty, who’s been in the business since 2020. Water activities are especially abundant, with two nearby lakes and the Animas and San Juan Rivers rolling by. D ...

Home Trends in Farmington, NM

Home Trends

Median Price (12 Mo)
$289,450
Median Single Family Price
$305,000
Median Townhouse Price
$240,000
Average Price Per Sq Ft
$178
Number of Homes for Sale
75
Last 12 months Home Sales
404
Months of Supply
2.20
Median List Price
$305,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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