Homes for Sale Under 500K in Farmington, MI

464 Homes for Sale

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Farmington, MI Housing Market Overview

Farmington's housing market currently favors sellers. With just a 1.7-month supply of homes and properties taking an average of 43 days to sell, sellers have considerable pricing power and can command premium offers.

Status

Seller's Market

Days on Market

43

Inventory

464

Aug 2021Mar 2024Mar 2026

Median Home Price

$335,000Up 0.40%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
464 Up 1.38%
Newly Listed Homes
17 Up 0.31%
Months of Supply
1.7 Up 0.80%

Housing Demand

Homes Sold
11 Down 0.00%
Sale-to-List Ratio
97.3% Down 5.61%
Homes Sold Above List
27.3% Down 50.51%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Farmington Market Report
  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Sep 7, 2026, 1:45 AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2024 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Sep 7, 2026, 1:45 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2024 MiRealSource. All Rights Reserved.

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Farmington, MI Housing Marketlink qauare
Homes Available icon

464

Homes Available

Median List Price icon

$ 335,000

Median List Price

Avg on Market icon

43 Days

Avg on Market

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