Is Annandale, MN 55302 a buyer’s or seller’s market?
Annandale is a seller’s market. With about 1.5 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 68% of U.S. ZIP codes, and #165 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Annandale housing market right now
In the three months ending August 31, 2026, 25% of homes in Annandale, MN 55302 sold above their list price, the typical home went under contract in 25 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 41 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold about as fast and the median sale price fell 14% to $406,324. Overall, Annandale is more competitive than a year ago, so tougher for buyers.
Within Wright County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 91%. On our competition score, Annandale ranks #165 of 296 MN ZIP codes with enough sales (score 65 out of 100).
Nearby, buyers who want less competition could look at Delano 55328 (22% sold over asking), while Cokato 55321 (47% sold over asking) and Waverly 55390 (38% sold over asking) are even more competitive.
Run the numbers for 55302
Nearby markets
Albertville 55301Seller’s market $185 /sq ftBuffalo 55313Seller’s market $185 /sq ftCokato 55321Balanced $164 /sq ftDelano 55328Seller’s market $197 /sq ft Browse all markets →Towns like Annandale nearby
Find towns like Annandale in other states →Where Annandale is
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Questions about Annandale real estate
Is Annandale a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Annandale, MN 55302 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Annandale?
The typical home went under contract in 25 days in the latest three months.
Do homes in Annandale sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Annandale?
About 0.98% of a home’s value a year in Wright County, or roughly $3,920 on a $400,000 home.
What is the median home price in Annandale?
The median sale price was $406,324 in the three months ending August 31, 2026, about $230 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology