Is Apple Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Apple Valley has remained a Seller's Market.
Housing Prices in Apple Valley, MN
How much do homes in Apple Valley, MN cost?
Median Sold Price
$369,166
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Apple Valley was $369,166 in May 2024, up 5.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $146.5K | +10.2% |
2 Bedrooms | $248.2K | $250.5K | +0.9% |
3 Bedrooms | $350K | $364.2K | +4.1% |
4 Bedrooms | $425K | $439K | +3.3% |
5+ Bedrooms | $495K | $549.9K | +11.1% |
Summary: Apple Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Apple Valley | $350K | $369.1K | +5.5% |
Burnsville | $350K | $365K | +4.3% |
Rosemount | $385K | $400.4K | +4.0% |
Eagan | $374.7K | $380K | +1.4% |
Housing Supply in Apple Valley, MN
How many homes are available in Apple Valley, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
202 | 232 | +14.9% |
Summary: The Apple Valley real estate market had 232 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 49 | 53 | +8.2% |
3 Bedrooms | 67 | 78 | +16.4% |
4 Bedrooms | 56 | 67 | +19.6% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Apple Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 73 | +14.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Apple Valley in May 2024, up by 14.1% month-over-month. Of the 73 sold homes, 27% were sold under asking, 26% were sold at asking, and 47% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 16 Days | -18.7% |
Summary: Homes in Apple Valley had an average of 16 days on market in May 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 73 homes were sold in Apple Valley; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.