Is Anoka County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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 April 2023
Key Takeaway
Homes in Anoka County have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Anoka County was $350,000 in April 2024, up 1.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.2K | $169.4K | +3.2% |
| 2 Bedrooms | $255.7K | $260K | +1.7% |
| 3 Bedrooms | $325.2K | $335K | +3.0% |
| 4 Bedrooms | $390.8K | $399.9K | +2.3% |
| 5+ Bedrooms | $475K | $479.9K | +1.0% |
Summary: Anoka County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Counties
| Ramsey County | $309.4K | $315.7K | +2.0% |
| Hennepin County | $368.9K | $375.2K | +1.7% |
| Anoka County | $345.1K | $350K | +1.4% |
| Isanti County | $312.6K | $315K | +0.7% |
| Washington County | $413.6K | $410.3K | -0.8% |
Housing Supply in Anoka County, MN
How many homes are available in Anoka County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,171 | 1,370 | +17.0% |
Summary: The Anoka County real estate market had 1,370 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 184 | 203 | +10.3% |
| 3 Bedrooms | 444 | 501 | +12.8% |
| 4 Bedrooms | 382 | 480 | +25.7% |
| 5+ Bedrooms | 154 | 177 | +14.9% |
Summary: The Anoka County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 293 | 349 | +19.1% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
171 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anoka County, you could pay more than the asking price. 49% of homes here sold above asking price last month.
Summary: A total of 349 homes were sold or pending in Anoka County in April 2024, up by 19.1% month-over-month. Of the 349 sold homes, 23% were sold under asking, 28% were sold at asking, and 49% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +9.0% |
Summary: Homes in Anoka County had an average of 28 days on market in Apr 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
251 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
26 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 April 2024, 349 homes were sold in Anoka County; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
