Is Anderson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Anderson County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Anderson County, TN

How much do homes in Anderson County, TN cost?

Median Sold Price

$311,773

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,419(+9.3%)

Key Takeaway

Homes in Anderson County have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Anderson County was $311,773 in February 2024, up 9.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $140K$257K
+83.6%
2 $185K$201K
+8.6%
3 $285K$304.6K
+6.9%
4 $382.6K$407K
+6.4%
5+ $556.4K$552.4K
-0.7%

Summary: Anderson County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Counties

Anderson County
+9.3%
Knox County
+9.0%
Union County
+5.4%
Campbell County
+2.2%

Housing Supply in Anderson County, TN

How many homes are available in Anderson County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
249292+17.3%

Summary: The Anderson County real estate market had 292 homes for sale in February 2024, a 17.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2731
+14.8%
3 134163
+21.6%
4 5664
+14.3%
5+ 3032
+6.7%

Summary: The Anderson County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4755+17.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson County, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Anderson County in February 2024, up by 17.0% month-over-month. Of the 55 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.

Days on Market for Anderson County, TN

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

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 55 homes were sold in Anderson County; 2% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Anderson County, TN

Nearby Markets to Anderson County, TN

What housing markets are near Anderson County, TN?