Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$366,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Apple Valley have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Apple Valley was $366,000 in March 2024, up 4.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $146.5K | +12.7% |
| 2 Bedrooms | $245.7K | $253K | +3.0% |
| 3 Bedrooms | $350K | $361.7K | +3.4% |
| 4 Bedrooms | $422.5K | $435K | +3.0% |
| 5+ Bedrooms | $450K | $535K | +18.9% |
Summary: Apple Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Apple Valley | $350K | $366K | +4.6% |
| Burnsville | $350.1K | $360.5K | +3.0% |
| Eagan | $372.5K | $378.8K | +1.7% |
| Rosemount | $385.9K | $392.4K | +1.7% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 160 | +1.3% |
Summary: The Apple Valley real estate market had 160 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 49 | 42 | -14.3% |
| 3 Bedrooms | 48 | 52 | +8.3% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Apple Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Apple Valley, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Apple Valley in March 2024, down by 4.3% month-over-month. Of the 45 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -1.8% |
Summary: Homes in Apple Valley had an average of 36 days on market in Mar 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Apple Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 45 homes were sold in Apple Valley; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
