Is Farmington, KY 42040 a buyer’s or seller’s market?
Farmington is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Farmington housing market right now
In the three months ending August 31, 2026, 50% of homes in Farmington, KY 42040 sold above their list price and the typical home went under contract in 72 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (50% then), homes sold faster (269 days then) and the median sale price fell 28% to $115,450. Overall, Farmington is more competitive than a year ago, so tougher for buyers.
Within Graves County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Symsonia 42082 (0% sold over asking) or Melber 42069 (0% sold over asking).
Run the numbers for 42040
Nearby markets
Boaz 42027Seller’s market $102 /sq ftFancy Farm 42039Balanced $136 /sq ftHickory 42051Seller’s market $141 /sq ftMayfield 42066Balanced $132 /sq ft Browse all markets →Where Farmington is
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Questions about Farmington real estate
How fast do homes sell in Farmington?
The typical home went under contract in 72 days in the latest three months.
Do homes in Farmington sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Farmington?
About 0.66% of a home’s value a year in Graves County, or roughly $2,640 on a $400,000 home.
What is the median home price in Farmington?
The median sale price was $115,450 in the three months ending August 31, 2026, about $103 per square foot.
Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology