Is Anoka County, 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 County has remained a Seller's Market.
Key Takeaway
Anoka County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Anoka County, MN
How much do homes in Anoka County, MN cost?
Median Sold Price
$350,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Anoka County have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Anoka County was $350,000 in March 2024, up 0.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.2K | $160K | -2.6% |
| 2 Bedrooms | $256.4K | $261.9K | +2.2% |
| 3 Bedrooms | $325.5K | $335K | +2.9% |
| 4 Bedrooms | $394.4K | $399.5K | +1.3% |
| 5+ Bedrooms | $475K | $482.8K | +1.7% |
Summary: Anoka County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Ramsey County | $309.7K | $315K | +1.7% |
| Hennepin County | $369.7K | $375K | +1.4% |
| Isanti County | $312K | $315.9K | +1.2% |
| Anoka County | $347.8K | $350K | +0.6% |
| Washington County | $414.8K | $410K | -1.2% |
Housing Supply in Anoka County, MN
How many homes are available in Anoka County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,051 | 1,201 | +14.3% |
Summary: The Anoka County real estate market had 1,201 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 158 | 187 | +18.4% |
| 3 Bedrooms | 400 | 465 | +16.3% |
| 4 Bedrooms | 350 | 387 | +10.6% |
| 5+ Bedrooms | 136 | 156 | +14.7% |
Summary: The Anoka County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 253 | 266 | +5.1% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
108 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anoka County, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 266 homes were sold or pending in Anoka County in March 2024, up by 5.1% month-over-month. Of the 266 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for Anoka County, MN
How long does it take to sell a home in Anoka County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -5.0% |
Summary: Homes in Anoka County had an average of 34 days on market in Mar 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
173 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anoka County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 266 homes were sold in Anoka County; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
