$2,576 Closing Credit*
$216,900
1,150 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 November 2023
At the same time last year, Spring Valley was a Seller's Market.
Key Takeaway
Spring Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Valley, MN
How much do homes in Spring Valley, MN cost?
Median Sold Price
$214,950
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,950(+4.9%)
Key Takeaway
Homes in Spring Valley have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Spring Valley was $214,950 in November 2024, up 4.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $187.5K | $144.8K | -22.8% |
| 3 Bedrooms | $205K | $204.9K | 0% |
| 4 Bedrooms | $205.7K | $322.5K | +56.7% |
| 5+ Bedrooms | $179.9K | $294K | +63.4% |
Summary: Spring Valley housing prices by bedroom type for November 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 did not change, 4 bedroom homes increased by 56.7%, and 5+ bedroom homes increased by 63.4%.
Median Sold Price Compared To Nearby Cities
| Spring Valley | $205K | $214.9K | +4.9% |
| Spring Valley Township | $205K | $214.9K | +4.9% |
Housing Supply in Spring Valley, MN
How many homes are available in Spring Valley, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Spring Valley real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spring 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Valley in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 64 Days | -2.5% |
Summary: Homes in Spring Valley had an average of 64 days on market in Nov 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spring Valley has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Spring Valley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
