Is Northwest Anderson, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northwest Anderson was a Seller's Market.
Housing Prices in Northwest Anderson, KY
How much do homes in Northwest Anderson, KY cost?
Median Sold Price
$280,250
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northwest Anderson was $280,250 in March 2024, up 24.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $199.9K | $425K | +112.6% |
3 Bedrooms | $225.4K | $261.9K | +16.2% |
4 Bedrooms | $555K | $535K | -3.6% |
5+ Bedrooms | $581.5K | $429.9K | -26.1% |
Summary: Northwest Anderson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 112.6%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Cities
Northwest Anderson | $225.1K | $280.2K | +24.5% |
Harrisonville | $248.5K | $307K | +23.5% |
Housing Supply in Northwest Anderson, KY
How many homes are available in Northwest Anderson, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Northwest Anderson real estate market had 6 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwest Anderson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Northwest Anderson in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Northwest Anderson, KY
How long does it take to sell a home in Northwest Anderson, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 2 Days | -93.6% |
Summary: Homes in Northwest Anderson had an average of 2 days on market in Mar 2024, down by 93.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Northwest Anderson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.