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 August 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

$156,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$6,083(+4.1%)

Key Takeaway

Homes in Anderson have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Anderson was $156,000 in August 2024, up 4.1% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $25K$39K
+56.0%
2 $99.7K$112K
+12.3%
3 $164.5K$175.4K
+6.6%
4 $212.5K$207.5K
-2.4%
5+ $275K$215K
-21.8%

Summary: Anderson housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 21.8%.

Median Sold Price Compared To Nearby Cities

Anderson Township
+4.2%
Anderson
+4.1%

Housing Supply in Anderson, IN

How many homes are available in Anderson, IN?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
319336+5.3%

Summary: The Anderson real estate market had 336 homes for sale in August 2024, a 5.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 65
-16.7%
2 8584
-1.2%
3 166173
+4.2%
4 3849
+28.9%
5+ 2425
+4.2%

Summary: The Anderson housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
8877-12.5%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

16 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. 44.2% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in Anderson in August 2024, down by 12.5% month-over-month. Of the 77 sold homes, 44% were sold under asking, 35% were sold at asking, and 21% 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

Aug 2023Aug 2024CHANGE
17 Days16 Days-5.3%

Summary: Homes in Anderson had an average of 16 days on market in Aug 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 August 2024, 77 homes were sold in Anderson; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% 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 13 Days Ago

Newest Listings in Anderson, IN

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