Is Anderson, SC 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 February 2023

At the same time last year, Anderson was a Neutral Market.

Key Takeaway

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

Housing Prices in Anderson, SC

How much do homes in Anderson, SC cost?

Median Sold Price

$262,833

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,416(+23.7%)

Key Takeaway

Homes in Anderson have sold for 23.7% more than they did a year ago.

Summary: The median home sold price in Anderson was $262,833 in February 2024, up 23.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $40K$133K
+232.5%
2 $132.5K$146.1K
+10.3%
3 $219K$255K
+16.4%
4 $312.7K$365.3K
+16.8%
5+ $429.9K$438.7K
+2.1%

Summary: Anderson housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 232.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in Anderson, SC

How many homes are available in Anderson, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
520593+14.0%

Summary: The Anderson real estate market had 593 homes for sale in February 2024, a 14.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 56
+20.0%
2 8087
+8.8%
3 302340
+12.6%
4 92117
+27.2%
5+ 4143
+4.9%

Summary: The Anderson housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 4.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
86100+16.3%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

21 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. 46.5% of homes here sold below asking price last month.

Summary: A total of 100 homes were sold or pending in Anderson in February 2024, up by 16.3% month-over-month. Of the 99 sold homes, 46% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for Anderson, SC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days47 Days-14.1%

Summary: Homes in Anderson had an average of 47 days on market in Feb 2024, down by 14.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

23 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 February 2024, 100 homes were sold in Anderson; 28% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% 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

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