Is Anderson, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Anderson has remained a Seller's Market.

Key Takeaway

Anderson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Anderson, IN

How much do homes in Anderson, IN cost?

Median Sold Price

$160,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$36,126(+29.2%)

Key Takeaway

Homes in Anderson have sold for 29.2% more than they did a year ago.

Summary: The median home sold price in Anderson was $160,000 in March 2024, up 29.2% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $42K$39K
-7.1%
2 $88.1K$105K
+19.1%
3 $142.5K$177.2K
+24.4%
4 $180K$225K
+25.0%
5+ $220K$217K
-1.4%

Summary: Anderson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Anderson
+29.2%
Anderson Township
+23.1%

Housing Supply in Anderson, IN

How many homes are available in Anderson, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
265282+6.4%

Summary: The Anderson real estate market had 282 homes for sale in March 2024, a 6.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 8086
+7.5%
3 138142
+2.9%
4 3235
+9.4%
5+ 1315
+15.4%

Summary: The Anderson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
7371-2.7%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Anderson in March 2024, down by 2.7% month-over-month. Of the 71 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Anderson, IN

How long does it take to sell a home in Anderson, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days39 Days-21.8%

Summary: Homes in Anderson had an average of 39 days on market in Mar 2024, down by 21.8% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 71 homes were sold in Anderson; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Anderson, IN

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