$3,384 Closing Credit*
$285,000
1,430 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$372,375
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,100(+3.4%)
Key Takeaway
Homes in Apple Valley have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Apple Valley was $372,375 in October 2024, up 3.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $144.2K | +6.1% |
| 2 Bedrooms | $250K | $259.8K | +3.9% |
| 3 Bedrooms | $354.9K | $370.6K | +4.4% |
| 4 Bedrooms | $438K | $441.5K | +0.8% |
| 5+ Bedrooms | $515K | $539.5K | +4.8% |
Summary: Apple Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Rosemount | $390K | $406.7K | +4.3% |
| Burnsville | $355K | $370K | +4.2% |
| Apple Valley | $360.2K | $372.3K | +3.4% |
| Eagan | $369K | $375K | +1.6% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 218 | 217 | -0.5% |
Summary: The Apple Valley real estate market had 217 homes for sale in October 2024, a 0.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 49 | 52 | +6.1% |
| 3 Bedrooms | 76 | 65 | -14.5% |
| 4 Bedrooms | 61 | 74 | +21.3% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Apple Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 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. 50% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Apple Valley in October 2024, up by 5.1% month-over-month. Of the 62 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +55.9% |
Summary: Homes in Apple Valley had an average of 31 days on market in Oct 2024, up by 55.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 62 homes were sold in Apple Valley; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
