Apple Valley home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Apple Valley fell by $21,000 while total sales decreased by 48.1%, according to BlockShopper.com.

From July through September of 2020, there were 166 homes sold, with a median sale price of $259,000 - a 7.5% decrease over the $280,000 median sale price for the same period of the previous year. There were 320 homes sold in Apple Valley in the third quarter of 2019.

The median sales tax in Apple Valley for the most recent year with available data, 2019, was $2,844, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Apple Valley to other Dakota County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Farmington98164-40.2%$303,500$272,00011.6%
Burnsville211300-29.7%$298,000$275,0008.4%
Northfield718-61.1%$265,000$318,500-16.8%
Inver Grove Heights89144-38.2%$265,000$262,7500.9%
Hastings91139-34.5%$260,000$239,9008.4%
Apple Valley166320-48.1%$259,000$280,000-7.5%
Hampton12850%$255,250$276,500-7.7%
West St. Paul4583-45.8%$250,000$239,6504.3%
Castle Rock4333.3%$244,000$310,000-21.3%
South St. Paul67107-37.4%$240,000$228,0015.3%
Empire13944.4%$234,000$315,000-25.7%

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