Is Farmington, MO 63640 a buyer’s or seller’s market?

The Farmington housing market right now

In the three months ending August 31, 2026, 13% of homes in Farmington, MO 63640 sold above their list price, the typical home went under contract in 51 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 104 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold faster (54 days then) and the median sale price rose 18% to $309,866. Overall, Farmington is about as competitive as it was a year ago.

Within St. Francois County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Farmington ranks #185 of 263 MO ZIP codes with enough sales (score 39 out of 100).

Nearby, buyers who want less competition could look at Leadwood 63653 (0% sold over asking) or Doe Run 63637 (0% sold over asking), while Park Hills 63601 (29% sold over asking) and Bonne Terre 63628 (25% sold over asking) are even more competitive.