Apple Valley Real Estate Market Update: Home Prices, Trends, and What to Expect in 2025
Looking to buy or sell a home in Apple Valley? Understanding the latest market trends can help you make the right move. Over the past year, Apple Valley has seen steady home sales, competitive pricing, and varying demand across property types. Whether you're considering a single-family home, townhouse, or condo, knowing what to expect in terms of pricing, market speed, and property taxes can give you a major advantage.
Over the past year, the Apple Valley housing market saw a total of 399 closed sales, with a median list price of $365,000 and a median closed sales price of $355,250. Homes spent an average of 24 days on the market, with typical properties featuring three bedrooms, three bathrooms, and an average 1,562 square feet of living space. The average price per square foot was $190, and annual property taxes averaged $3,086.
Of the 399 closed sales, 170 were single-family homes, with a median list price of $472,445 and a median closed price of $460,500. These homes spent only 13 days on the market, making them the fastest-selling property type. The average home offered four bedrooms, three bathrooms, and 2,340 total square feet, with 1,737 square feet of above-ground living space. Single-family homes sat on 0.31 acres and had a foundation size of 1,306 square feet. The median price per square foot was $196, and annual property taxes averaged $4,068.
In contrast, 215 of the closed sales were townhouses, with a median list price of $297,000 and a median closed sales price of $289,950. These properties took longer to sell, averaging 33 days on the market. Townhouses typically featured two bedrooms, two bathrooms, and 1,576 total finished square feet, with 1,444 square feet above ground. The median price per square foot was $189, and annual property taxes were lower at $2,698. The foundation size averaged 898 square feet.
Condo sales made up a small portion of the market, with only 14 closed sales over the past year. The median list price was $157,400, and the median closed sales price was $154,200. Condos took the longest to sell, averaging 50 days on the market. These properties typically featured two bedrooms, one bathroom, and 888 square feet of living space. The median price per square foot was $177, and property taxes averaged $1,395 annually.
The median closed sales price of a single-family home ($460,500) was approximately 59% higher than that of a townhouse ($289,950). This price difference reflects the additional 800+ square feet of living space, the larger lot size, and the increased privacy that single-family homes offer. However, buyers should also consider that single-family homeowners pay around $1,500 more per year in property taxes compared to townhouse owners.
Apple Valley is a sought-after community known for its suburban charm, excellent amenities, and easy access to the Twin Cities. Some of the top attractions include the Minnesota Zoo, Lebanon Hills Regional Park, and the Apple Valley Family Aquatic Center. The area also boasts a thriving downtown scene with great restaurants, shopping, and entertainment, along with highly rated schools in the ISD 196 district, making it an ideal place for families.
If you're thinking about making a move in Apple Valley, now is the time to get informed. Contact a local real estate expert to discuss your goals and explore available homes that fit your needs. Whether you're buying, selling, or investing, staying ahead of the market can help you make the best decision. Ready to take the next step? Reach out today!