In July 2019, there were 128 homes sold, with a median sale price of $281,500 - a 2.4% increase over the $274,900 median sale price for the same period of the previous year. There were 85 homes sold in Apple Valley in July 2018.
The median sales tax in Apple Valley for 2019 was $2,844. In 2018, the median sales tax was $2,718. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Apple Valley to other Dakota County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeville | 112 | 69 | 62.3% | $324,500 | $300,000 | 8.2% |
| Eureka Center | 1 | 0 | - | $315,000 | $0 | - |
| Northfield | 13 | 7 | 85.7% | $308,000 | $250,000 | 23.2% |
| Eagan | 129 | 98 | 31.6% | $305,000 | $269,447.50 | 13.2% |
| Rosemount | 53 | 40 | 32.5% | $298,700 | $250,500 | 19.2% |
| Apple Valley | 128 | 85 | 50.6% | $281,500 | $274,900 | 2.4% |
| Farmington | 62 | 44 | 40.9% | $277,500 | $251,359.79 | 10.4% |
| Hampton | 6 | 1 | 500% | $274,000 | $268,000 | 2.2% |
| Inver Grove Heights | 61 | 50 | 22% | $270,000 | $224,900 | 20.1% |
| Burnsville | 107 | 99 | 8.1% | $270,000 | $254,000 | 6.3% |
| Vermillion | 1 | 1 | 0% | $250,000 | $233,000 | 7.3% |
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