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Dakota Times

Wednesday, November 6, 2024

Rising home prices in Apple Valley in February 2022

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The median sale price of a home sold in February 2022 in Apple Valley rose by $42,250 while total sales decreased by 28.9%, according to BlockShopper.com.

In February 2022, there were 27 homes sold, with a median sale price of $313,500 - a 15.6% increase over the $271,250 median sale price for the same period of the previous year. There were 38 homes sold in Apple Valley in February 2021.

The median sales tax in Apple Valley for the most recent year with available data, 2020, was $3,186, approximately 1% of the median home sale price for February 2022.

The following table compares Apple Valley to other Dakota County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
Randolph110%$410,000$299,90036.7%
Castle Rock20-$405,500$0-
Burnsville2839-28.2%$373,775$317,00017.9%
Eagan3342-21.4%$360,000$280,00028.6%
Farmington201811.1%$338,500$313,9507.8%
Apple Valley2738-28.9%$313,500$271,25015.6%
Lakeville2656-53.6%$307,500$332,500-7.5%
Inver Grove Heights2635-25.7%$290,000$269,9007.4%
Hastings181428.6%$287,500$277,5003.6%
Empire41300%$275,000$515,000-46.6%
South St. Paul1320-35%$260,000$235,00010.6%

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