Updated May 2026 · Redfin · 3-month window
87401 Real Estate Market Update: Farmington, NM, May 2026
The latest housing-market numbers for ZIP code 87401 in Farmington, New Mexico, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $317K | ▼ -9.4% | ▲ +15.3% |
| Days on market | 26 | ▼ -21.2% | • 0.0% |
| Homes for sale | 51 | ▲ +6.3% | ▼ -20.3% |
| Homes sold | 80 | ▲ +14.3% | ▼ -3.6% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87401 numbers say
Prices in Farmington's 87401 ZIP are still climbing. The median sale price reached $317,000, up 15.3% year over year. Homes here move fast: a typical listing goes under contract in about 26 days, and sellers are getting close to list price.
Based on 80 recent sales, 87401 is currently an active market.
What this means if you sell in 87401
Use these figures to set expectations early. Lead a listing appointment with the median price and the 26-day pace, show the year-over-year direction, and frame 87401 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Farmington post →Frequently asked: the 87401 housing market
- What is the median home price in ZIP 87401 (Farmington, NM)?
- As of May 2026, the median sale price in ZIP 87401 is $317,000 (+15.3% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 87401 a buyer's or seller's market right now?
- ZIP 87401 is currently an active market, based on about 26 days on market for May 2026.
- How long do homes take to sell in ZIP 87401?
- A typical listing in 87401 goes under contract in about 26 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87401 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.