$1,899 Closing Credit*
$159,900
580 SqFt
1 Bed
•1 Full Bath
Listing Office: Oak Realty LLP
Is Annandale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Annandale has remained a Seller's Market.
Key Takeaway
Annandale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annandale, MN
How much do homes in Annandale, MN cost?
Median Sold Price
$385,950
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,550(-4.8%)
Key Takeaway
Homes in Annandale have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Annandale was $385,950 in October 2024, down 4.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $522.5K | -5.0% |
| 2 Bedrooms | $412.7K | $376.5K | -8.8% |
| 3 Bedrooms | $405K | $344.9K | -14.8% |
| 4 Bedrooms | $368.5K | $396.4K | +7.6% |
| 5+ Bedrooms | $479K | $480K | 0.2% |
Summary: Annandale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Southside Township | $440K | $489K | +11.1% |
| Annandale | $405.5K | $385.9K | -4.8% |
Housing Supply in Annandale, MN
How many homes are available in Annandale, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Annandale real estate market had 59 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Annandale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annandale, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Annandale in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 49 Days | +103.1% |
Summary: Homes in Annandale had an average of 49 days on market in Oct 2024, up by 103.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 13 homes were sold in Annandale; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
