Farmington, MO

Real estate in Farmington, Missouri is a hot commodity. The city has seen an influx of people and businesses in recent years, which has led to an increase in real estate prices. According to the Farmington Area Association of Realtors (FARAOR), the median sale price for single-family homes was $269,900 in 2017. This is up from $242,500 in 2016 and $205,000 in 2015.

The city's population has also increased by about 10% since 2010, which has helped to drive up demand for housing. In addition, Farmington is located within a desirable area that includes St. Louis and Kansas City metropolitan areas. This makes it a popular place to live and work.

There are several factors that have contributed to the increase in real estate prices in Farmington over the past few years. First, there is an increasing demand for housing due to the city's growing population and businesses. Second, the city's location within a desirable area makes it a popular place to live and work. Third, there are limited options for new housing development within the city limits, so developers are forced to raise prices if they want to sell their properties. Fourth, Farmington's economy is strong overall which leads to more job opportunities and higher wages which drives up home values even more. Fifth, FARAOR reports that there has been an increase in homebuyers who are purchasing homes as investments rather than using them as their primary residence."