Homes for Sale in Farmington, Utah

Farmington remains a premium market within Utah, with median home values $62,500 above the state average and properties moving quickly—averaging just 52 days on market and closing at 99.7% of the asking price. The recent 28.6% month‑over‑month price dip signals a cooling correction, but the combination of limited inventory (79 new listings vs. 47 closed transactions) and strong buyer demand keeps the market in a “warm” zone rather than a full‑blown cooling phase. Economic indicators support this balanced outlook: 30‑year mortgage rates have edged up to 6.42% in the last 30 days after a brief dip, while the Fed Funds rate has held steady at 3.64% and unemployment remains low (Utah 3.6%). Consumer sentiment and housing‑start activity are stable, and the new Legacy Parkway expansion promises better commuter access, likely sustaining Farmington’s attractiveness to buyers despite the short‑term price pull‑back.