Apple Valley, MN Real Estate & Homes for Sale

In October 2024, the Apple Valley housing market saw notable growth, with home prices rising 14.6% year-over-year to reach a median of $361,000. Homes in the area spent an average of 27 days on the market, slightly longer than the 21-day average recorded last year, indicating a slight cooling in buyer urgency. Despite this, the number of homes sold increased from 54 to 64, highlighting sustained demand in the market. This upward trend in both prices and sales volume suggests that Apple Valley remains an attractive destination for buyers, even as market dynamics evolve.

The Apple Valley housing market is highly competitive, with homes typically selling in just 27 days. Many properties receive multiple offers, often with waived contingencies, reflecting strong buyer interest. On average, homes sell for about 1% below the list price and go under contract within the 27-day mark. However, "hot homes"—those in particularly high demand—can sell for about 1% above the list price and go pending in as little as 12 days, underscoring the urgency among buyers for sought-after properties in the area.

In October 2024, Apple Valley, MN, experienced a seller's market, characterized by a higher number of buyers than available homes. This imbalance led to increased competition among buyers, often resulting in multiple offers on properties. Consequently, homes sold swiftly, with many going under contract shortly after listing. Sellers benefited from this environment, frequently achieving favorable terms and prices for their properties.