Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$364,875
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Apple Valley was $364,875 in February 2024, up 4.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $146.5K | +12.7% |
2 Bedrooms | $246.5K | $251.7K | +2.1% |
3 Bedrooms | $350K | $357.8K | +2.2% |
4 Bedrooms | $422K | $440K | +4.3% |
5+ Bedrooms | $459.3K | $519K | +13.0% |
Summary: Apple Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Apple Valley | $350K | $364.8K | +4.3% |
Burnsville | $350K | $360K | +2.8% |
Rosemount | $389.9K | $390.3K | 0.1% |
Eagan | $375K | $375K | 0.0% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
130 | 153 | +17.7% |
Summary: The Apple Valley real estate market had 153 homes for sale in February 2024, a 17.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 38 | 48 | +26.3% |
3 Bedrooms | 41 | 47 | +14.6% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Apple Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 43 | +48.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Apple Valley in February 2024, up by 48.3% month-over-month. Of the 43 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -12.5% |
Summary: Homes in Apple Valley had an average of 34 days on market in Feb 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 43 homes were sold in Apple Valley; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.