Is Anoka, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Anoka has remained a Seller's Market.
Key Takeaway
Anoka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Anoka, MN
How much do homes in Anoka, MN cost?
Median Sold Price
$358,133
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Anoka have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Anoka was $358,133 in March 2024, up 0.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.9K | $260K | -1.9% |
| 3 Bedrooms | $329K | $337K | +2.4% |
| 4 Bedrooms | $385K | $390K | +1.3% |
| 5+ Bedrooms | $457.4K | $449.9K | -1.7% |
Summary: Anoka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $309.9K | $325K | +4.8% |
| Anoka | $354.9K | $358.1K | +0.9% |
| Andover | $440K | $436K | -0.9% |
| Ramsey | $375.7K | $369.9K | -1.5% |
Housing Supply in Anoka, MN
How many homes are available in Anoka, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 195 | 209 | +7.2% |
Summary: The Anoka real estate market had 209 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 74 | 86 | +16.2% |
| 4 Bedrooms | 62 | 65 | +4.8% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Anoka housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anoka, you could pay more than the asking price. 37.2% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Anoka in March 2024, the same as the previous month. Of the 43 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% were sold over asking.
Days on Market for Anoka, MN
How long does it take to sell a home in Anoka, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +15.3% |
Summary: Homes in Anoka had an average of 39 days on market in Mar 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anoka are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Anoka; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
