Is Annandale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Annandale was a Seller's Market.
Key Takeaway
Annandale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Annandale, MN
How much do homes in Annandale, MN cost?
Median Sold Price
$374,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Annandale have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Annandale was $374,750 in March 2024, up 5.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $575K | +98.3% |
| 2 Bedrooms | $350K | $412.7K | +17.9% |
| 3 Bedrooms | $331K | $347.5K | +5.0% |
| 4 Bedrooms | $365.9K | $360K | -1.6% |
| 5+ Bedrooms | $749.9K | $488.7K | -34.8% |
Summary: Annandale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Annandale | $354.9K | $374.7K | +5.6% |
| Corinna Township | $492.9K | $507K | +2.9% |
Housing Supply in Annandale, MN
How many homes are available in Annandale, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The Annandale real estate market had 35 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Annandale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Annandale, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Annandale in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Annandale, MN
How long does it take to sell a home in Annandale, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 133 Days | +287.8% |
Summary: Homes in Annandale had an average of 133 days on market in Mar 2024, up by 287.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Annandale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Annandale; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
