Is Anderson, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Anderson has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $39K | -7.1% |
2 Bedrooms | $88.1K | $105K | +19.1% |
3 Bedrooms | $142.5K | $177.2K | +24.4% |
4 Bedrooms | $180K | $225K | +25.0% |
5+ Bedrooms | $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 | $123.8K | $160K | +29.2% |
Anderson Township | $130K | $159.9K | +23.1% |
Housing Supply in Anderson, IN
How many homes are available in Anderson, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
265 | 282 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 80 | 86 | +7.5% |
3 Bedrooms | 138 | 142 | +2.9% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 13 | 15 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 71 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 39 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
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.