$3,266 Closing Credit*
$275,000
2,030 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Integrity NW
Is Annandale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$377,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$27,050(-6.7%)
Key Takeaway
Homes in Annandale have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Annandale was $377,950 in December 2024, down 6.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $431.2K | -25.0% |
| 2 Bedrooms | $405.5K | $374.9K | -7.5% |
| 3 Bedrooms | $352.5K | $344.9K | -2.2% |
| 4 Bedrooms | $368.5K | $402.9K | +9.3% |
| 5+ Bedrooms | $488.7K | $404.9K | -17.2% |
Summary: Annandale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Corinna Township | $523.5K | $490K | -6.4% |
| Annandale | $405K | $377.9K | -6.7% |
Housing Supply in Annandale, MN
How many homes are available in Annandale, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Annandale real estate market had 39 homes for sale in December 2024, a 11.4% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Annandale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annandale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Annandale in December 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 77 Days | +89.3% |
Summary: Homes in Annandale had an average of 77 days on market in Dec 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 December 2024, 6 homes were sold in Annandale; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
