Market analytics
Farmington, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
August 2026 · Market Analysis
Latest published analysis. September 2026 commentary publishes on Oct 5.
Farmington sellers wait longer as August closings slow to a 31-day median.
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Homes that closed in Farmington this August took a median of 31 days to sell, up from 14 in July and more than double June's pace at points — the slowest turnaround since last November's 40-day median. That's happening alongside the largest active inventory in this stretch, 96 homes, up from 78 in July and more than triple February's 44. A year ago in August 2025, homes also took a while (37 days median) but with 63 active listings — today's shelf is 52% larger with fewer buyers closing (15 vs. 22).
Market pulse
Active listings have climbed every month since April's 46 — 46 in May, 62 in June, 78 in July, and now 96 in August, more than doubling in four months. Closings have gone the other way, from 23 in April down to 19, 13, 12, and 15 across May through August, well under the prior-year pace of 18 sales a month. Days on market whipsawed too: 8 in April, 21 in May and June, 14 in July, then back up to 31 in August. Only 8 of August's 15 sales closed at $700,000 or above, led by Eastridge Estates at $1,565,000 after 56 days on market.
Mortgage context
The 30-year rate sits at 6.875% today, up 0.125 percentage points from 6.75% a month ago, adding about $50 to the monthly payment on a median-priced home. That's on top of a climb from February's 6.16% average to August's 6.77% average — seven months of mostly upward movement that has made every dollar of list price cost more to finance.
Payment math
A $747,000 median-priced Farmington home with 20% down runs $3,924 a month in principal and interest at today's 6.875%, $50 more than the $3,874 payment at 6.75% just a month ago, and $281 above the $3,643 payment buyers got in February when rates averaged 6.16%.
If you're buying
Closings past 56 days on market (the 75th-percentile mark this month) are where sellers are more willing to talk price — 11 of August's 15 sales closed below asking. With active listings at 96, the most in this data window, you have room to be selective rather than chase the first showing.
If you're selling
Seven of August's 15 closings came after a price change, so pricing right the first time matters more than it did in spring. Look at what actually closed near your subdivision — Oakridge Village sold at $825,000 after 99 days, while Farmington Hollow moved in just 5 days at $746,600 — and price toward the faster comparable if you want to avoid sitting.
Outlook
With 96 homes active against roughly 15 sales a month, expect the slower pace to continue into fall unless closings pick back up toward the 18-a-month pace typical of the past year. Rates near 6.875% with a full percentage point of monthly supply already built up make it likely sellers keep cutting price to move inventory rather than waiting it out.
Watch for
If active listings keep climbing past 96 while closings stay near 12-15 a month, months of supply likely pushes toward 7 or 8 by October, putting more pressure on sellers to cut price before the market cools for winter.
"Farmington's speed advantage disappears just as the shelf fills up."
Common questions about Farmington this month
Is Farmington a buyer's or seller's market in August 2026? ▾
With 96 active listings and only 15 closings, absorption sits near 6.4 months of supply — a level that favors buyers over sellers. Sellers are also taking price cuts more often, with 7 of August's 15 sales seeing a price change before closing, a sign the shelf is outpacing demand.
Why are homes taking longer to sell in Farmington right now? ▾
Median days on market rose to 31 in August from 14 in July, likely tied to the bigger pool of active listings buyers now have to choose from — up from 78 to 96 in a single month. More competition among sellers means buyers can wait longer before committing.
How much has the mortgage rate climb affected monthly payments in Farmington? ▾
On the $747,000 median home, the monthly principal-and-interest payment is $3,924 today at 6.875%, up $50 from a month ago and $281 above the February low of $3,643 when rates averaged 6.16%. That's a meaningful add to the monthly budget for anyone financing near the median price.
Which Farmington neighborhoods are seeing sales this month? ▾
August closings were spread across smaller pockets rather than one dominant area — Eastridge Estates, Mountain View Estates, Hughes Hillside, Oakridge Village, and Farmington Hollow each recorded one sale. Farmington Hollow closed fastest at 5 days, while Oakridge Village took 99 days, showing a wide range in how quickly homes are moving even within the same month.
Should sellers in Farmington expect to cut their asking price? ▾
Nearly half of August's closings, 7 of 15, involved a price change before the sale went through, and 11 of 15 closed below the original list price. With inventory at 96 homes and rising, pricing close to what recently closed nearby is a safer bet than testing the market high.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
15 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 26 · 25th percentile 12 · 75th percentile 73
Needed a price change
Sold listings that had a recorded price change before close
8 of 15 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Farmington Crossing 3 sold · $409K · 55d
- 2. Farmington Townsite 1 sold · $755K · 167d
- 3. Farmington Ranches 1 sold · $739K · 4d
- 4. Ern Hayes 1 sold · $554K
- 5. Farmington Station 1 sold · $537K · 22d
September 2026 by property type
How each housing type performed last month — 13 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 15 | 18 | -16.67% | 142 | 190 | -25.26% |
| Median Sale Price | $536,750 | $590,450 | -9.09% | $657,465 | $628,442 | +4.62% |
| Median DOM | 26 | 27 | -3.70% | 20 | 27 | -25.93% |
| Sale-to-List Ratio | 97.57% | 98.34% | -0.78% | 98.91% | 99.09% | -0.18% |
Past months
Browse historical Farmington reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.