Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Apple Valley has remained a Seller's Market.
Housing Prices in Apple Valley, MN
How much do homes in Apple Valley, MN cost?
Median Sold Price
$365,833
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Apple Valley was $365,833 in April 2024, up 4.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $146.5K | +10.2% |
2 Bedrooms | $246.7K | $252.7K | +2.4% |
3 Bedrooms | $350K | $360K | +2.9% |
4 Bedrooms | $422K | $437K | +3.6% |
5+ Bedrooms | $459K | $539K | +17.4% |
Summary: Apple Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Apple Valley | $350K | $365.8K | +4.5% |
Burnsville | $350K | $365K | +4.3% |
Eagan | $370.4K | $380.3K | +2.7% |
Rosemount | $389.8K | $394.2K | +1.1% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 196 | +20.2% |
Summary: The Apple Valley real estate market had 196 homes for sale in April 2024, a 20.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 38 | 47 | +23.7% |
3 Bedrooms | 55 | 61 | +10.9% |
4 Bedrooms | 47 | 57 | +21.3% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Apple Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 61 | +29.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Apple Valley in April 2024, up by 29.8% month-over-month. Of the 61 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 25 Days | -11.4% |
Summary: Homes in Apple Valley had an average of 25 days on market in Apr 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in Apple Valley; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.