Is Anderson County, KY 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 County has remained a Seller's Market.
Housing Prices in Anderson County, KY
How much do homes in Anderson County, KY cost?
Median Sold Price
$241,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Anderson County was $241,500 in March 2024, up 6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $11.2K | $100.1K | +789.9% |
2 Bedrooms | $151K | $169.9K | +12.5% |
3 Bedrooms | $225K | $237.9K | +5.8% |
4 Bedrooms | $325K | $341.9K | +5.2% |
5+ Bedrooms | $349.9K | $437.4K | +25.0% |
Summary: Anderson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 789.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Counties
Woodford County | $300.5K | $341.5K | +13.6% |
Spencer County | $349.5K | $374.9K | +7.3% |
Anderson County | $227.9K | $241.5K | +6.0% |
Mercer County | $219.2K | $229K | +4.4% |
Housing Supply in Anderson County, KY
How many homes are available in Anderson County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 78 | +32.2% |
Summary: The Anderson County real estate market had 78 homes for sale in March 2024, a 32.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 38 | 57 | +50.0% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Anderson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Anderson County in March 2024, up by 83.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Anderson County, KY
How long does it take to sell a home in Anderson County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 42 Days | +34.0% |
Summary: Homes in Anderson County had an average of 42 days on market in Mar 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Anderson County; 36% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.