$4,928 Closing Credit*
$415,000
2,687 SqFt
4 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Anoka, 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, 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
$359,696
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$278(-0.1%)
Key Takeaway
The sold price of homes in Anoka has remained the same since last year.
Summary: The median home sold price in Anoka was $359,696 in October 2024, down 0.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $261.3K | $259.4K | -0.7% |
| 3 Bedrooms | $339.8K | $326.2K | -4.0% |
| 4 Bedrooms | $386.5K | $389.9K | +0.9% |
| 5+ Bedrooms | $449.9K | $454.9K | +1.1% |
Summary: Anoka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Andover | $435K | $450K | +3.4% |
| Ramsey | $375K | $381K | +1.6% |
| Coon Rapids | $320K | $325K | +1.6% |
| Anoka | $359.9K | $359.6K | -0.1% |
Housing Supply in Anoka, MN
How many homes are available in Anoka, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 260 | +18.2% |
Summary: The Anoka real estate market had 260 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 31 | 35 | +12.9% |
| 3 Bedrooms | 85 | 94 | +10.6% |
| 4 Bedrooms | 70 | 78 | +11.4% |
| 5+ Bedrooms | 34 | 53 | +55.9% |
Summary: The Anoka housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 55.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anoka, expect to pay close to the asking price. 35.4% of homes here sold near the asking price last month.
Summary: A total of 48 homes were sold or pending in Anoka in October 2024, up by 11.6% month-over-month. Of the 48 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 37 Days | +26.1% |
Summary: Homes in Anoka had an average of 37 days on market in Oct 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 48 homes were sold in Anoka; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
