How much does it cost to buy a house in Farmington, MI?

In May 2026 Farmington homes were listed to buy for a median price of $329K, which is a 4% decrease to April 2025 last month, and a 4% decrease to May 2025 last year. The median value of a home listed to buy in Farmington in May 2026 was $169 per sqft, which is a 5% decrease to April 2025 last month, and a 5% decrease to May 2025 last year.

Is it affordable or expensive to live in Farmington, MI?

It is affordable to live in Farmington. Buying a home in Farmington is 1% less expensive compared with the national average.

Is it a good time to buy property in Farmington, MI?

Yes now is a good time to buy property in Farmington, in May 2026, homes in Farmington have decreased in value (price per sqft) by 5% in the last year compared with May 2025.

Is the Farmington, MI housing market slowing down?

In May 2026, homes to buy in Farmington spent an median 18 days on the market, a same May 2025 last year.

What are the best and safest places to live in Farmington, MI?

The best and safest neighborhoods to live in Farmington in May 2026 are Butler Ridge, Downtown Royal Oak, Detroit Golf, Coventry Gardens, Palmer Park, Green Acres, Dearborn Hills, University District, Ford Historic Homes, North Rosedale Park, Rosedale Park, Seminole Hills, Russell Woods, Pembroke, Eight Mile Wyoming, Greenfield, Grandmont, Warrendale, Tireman, Brightmoor

How much money should I make to buy a house in Farmington, MI?

In May 2026, Farmington homes were listed to buy for a median price of $329K, with 25% down you would need $2.08K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $71.4K.

Is it a good time to sell my house in Farmington, MI?

Yes now is a good time to sell your house in Farmington, in May 2026, homes in Farmington have decreased in value (price per sqft) by 5% in the last year compared with May 2025.

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Farmington, MI Real Estate Snapshot

List Price

$325,000

$/Sqft

$174

Homes For Sale

Home Size

1,627 Sqft

Days on Movoto

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