Is Apple Valley, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Apple Valley is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Apple Valley has remained a Seller's Market.

Key Takeaway

Apple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Apple Valley, MN

How much do homes in Apple Valley, MN cost?

Median Sold Price

$367,062

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,050(+2.0%)

Key Takeaway

Homes in Apple Valley have sold for 2% more than they did a year ago.

Summary: The median home sold price in Apple Valley was $367,062 in September 2024, up 2% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $136K$144.2K
+6.1%
2 $250K$250.1K
0.1%
3 $355K$365K
+2.8%
4 $430K$441K
+2.6%
5+ $514.3K$549.9K
+6.9%

Summary: Apple Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Burnsville
+3.9%
Eagan
+3.4%
Rosemount
+2.4%
Apple Valley
+2.0%

Housing Supply in Apple Valley, MN

How many homes are available in Apple Valley, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
233231-0.9%

Summary: The Apple Valley real estate market had 231 homes for sale in September 2024, a 0.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 810
+25.0%
2 6155
-9.8%
3 7878
0.0%
4 6765
-3.0%
5+ 1923
+21.1%

Summary: The Apple Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6959-14.5%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Apple Valley, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Apple Valley in September 2024, down by 14.5% month-over-month. Of the 59 sold homes, 47% were sold under asking, 20% were sold at asking, and 32% were sold over asking.

Days on Market for Apple Valley, MN

How long does it take to sell a home in Apple Valley, MN?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days32 Days+108.9%

Summary: Homes in Apple Valley had an average of 32 days on market in Sep 2024, up by 108.9% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Apple Valley are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 59 homes were sold in Apple Valley; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Apple Valley, MN

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