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 February 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

$364,875

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,875(+4.3%)

Key Takeaway

Homes in Apple Valley have sold for 4.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $130K$146.5K
+12.7%
2 $246.5K$251.7K
+2.1%
3 $350K$357.8K
+2.2%
4 $422K$440K
+4.3%
5+ $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
+4.3%
Burnsville
+2.8%
Rosemount
0.1%
Eagan
0.0%

Housing Supply in Apple Valley, MN

How many homes are available in Apple Valley, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
130153+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

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 3848
+26.3%
3 4147
+14.6%
4 3137
+19.4%
5+ 1719
+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 2024Feb 2024CHANGE
2943+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Apple Valley, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
39 Days34 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

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 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.

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

Report Updated 27 Days Ago

Newest Listings in Apple Valley, MN

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