$2,256 Closing Credit*
$190,000
1,104 SqFt
2 Beds
•1 Full Bath
Listing Office: Property Brokers of Minnesota
Is Spring 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, Spring Valley has remained a Seller's Market.
Key Takeaway
Spring Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Valley, MN
How much do homes in Spring Valley, MN cost?
Median Sold Price
$204,900
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100(0%)
Key Takeaway
The sold price of homes in Spring Valley has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $187.5K | $144.8K | -22.8% |
| 3 Bedrooms | $200K | $227.4K | +13.7% |
| 4 Bedrooms | $208.8K | $297.5K | +42.4% |
| 5+ Bedrooms | $195K | $294K | +50.8% |
Summary: Spring Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 50.8%.
Median Sold Price Compared To Nearby Cities
| Spring Valley | $205K | $204.9K | 0% |
| Spring Valley Township | $205K | $204.9K | 0% |
Housing Supply in Spring Valley, MN
How many homes are available in Spring Valley, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Spring Valley real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Spring Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Valley in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Spring Valley, MN
How long does it take to sell a home in Spring Valley, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 40 Days | -24.1% |
Summary: Homes in Spring Valley had an average of 40 days on market in Oct 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Spring Valley; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
