$4,036 Closing Credit*
$339,900
1,460 SqFt
3 Beds
•1 Full Bath
Listing Office: Realty WRX
Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$373,633
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,633(+3.8%)
Key Takeaway
Homes in Apple Valley have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Apple Valley was $373,633 in November 2024, up 3.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $141.7K | +4.2% |
| 2 Bedrooms | $250K | $260K | +4.0% |
| 3 Bedrooms | $354.9K | $372K | +4.8% |
| 4 Bedrooms | $440K | $441.5K | 0.3% |
| 5+ Bedrooms | $517K | $549.9K | +6.4% |
Summary: Apple Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Burnsville | $355K | $374.2K | +5.4% |
| Rosemount | $390K | $407.8K | +4.6% |
| Apple Valley | $360K | $373.6K | +3.8% |
| Eagan | $369.6K | $375.1K | +1.5% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 201 | 176 | -12.4% |
Summary: The Apple Valley real estate market had 176 homes for sale in November 2024, a 12.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 48 | 43 | -10.4% |
| 3 Bedrooms | 60 | 48 | -20.0% |
| 4 Bedrooms | 70 | 67 | -4.3% |
| 5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Apple Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 49 | -24.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
16 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. 36.7% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Apple Valley in November 2024, down by 24.6% month-over-month. Of the 49 sold homes, 37% were sold under asking, 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 38 Days | +141.5% |
Summary: Homes in Apple Valley had an average of 38 days on market in Nov 2024, up by 141.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 49 homes were sold in Apple Valley; 51% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
