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.
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
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
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
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.