Is Farmington, IA 52626 a buyer’s or seller’s market?
Farmington is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Farmington housing market right now
In the three months ending August 31, 2026, 0% of homes in Farmington, IA 52626 sold above their list price, the typical home went under contract in 54 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 (0% then), homes sold faster (87 days then) and the median sale price rose 51% to $253,890. Overall, Farmington is more competitive than a year ago, so tougher for buyers.
Within Lee County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, West Point 52656 (25% sold over asking) and Montrose 52639 (22% sold over asking) are even more competitive.
Run the numbers for 52626
Nearby markets
Donnellson 52625Buyer’s market $125 /sq ftFort Madison 52627Balanced $85 /sq ftKeokuk 52632Balanced $79 /sq ftMontrose 52639Seller’s market $103 /sq ft Browse all markets →Towns like Farmington nearby
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Questions about Farmington real estate
Is Farmington a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Farmington, IA 52626 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Farmington?
The typical home went under contract in 54 days in the latest three months.
Do homes in Farmington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.1% of the list price.
What are property taxes in Farmington?
About 1.38% of a home’s value a year in Lee County, or roughly $5,520 on a $400,000 home.
What is the median home price in Farmington?
The median sale price was $253,890 in the three months ending August 31, 2026, about $160 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology