87401 Home Values & Market Trends
There are 48 homes currently listed for 87401. 87401 real estate market trends show that home prices range from $120,000 to $3,900,000, and the median sales price in the 87401 zip code is $254,501.53. The total number of properties sold within the past twelve months is 490. In 87401, 8 properties are in foreclosure, 4 are bank owned properties,and 4 are headed for auction.
87401 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Farmington | $ 329,900 $ 165/sqft |
Housing Market Summary for 87401
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $245K | $248.5K | 1.45% |
| Median Sold Price | $176K | $248.5K | 41.21% |
| Homes For Sale | 35 | 53 | 51.43% |
| Homes Sold | 287 | 228 | -20.56% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 87401
Browse Homes in 87401
The median list price of a home in Farmington, is $254,501.53. A total of 48 properties are for sale, and the percentage of properties for sale in the zip code is 48.00%. The total count of 87401 properties is 16,752.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 87401 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87401; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 87401 ranges from the highest value of $310,331 in farmington to the lowest value of $139,900 in farmington. Bank owned homes and properties account for 0.02% of properties in 87401. There is 1 cities within 87401; farmington containing 4 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsfarmington has 6 auction properties, the highest number of properties going to auction in a single city in the state of 87401. Auction homes and other auction properties account for 0.02% of all properties in 87401. There is 1 cities within 87401; of that cities, the median estimated home value for homes going to auction ranges from $432,744 in farmington to the lowest value of $202,667 in farmington.
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More Real Estate Resources for 87401
Guide for 87401
This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.