Is Anderson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Anderson County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $257K | +83.6% |
2 Bedrooms | $185K | $201K | +8.6% |
3 Bedrooms | $285K | $304.6K | +6.9% |
4 Bedrooms | $382.6K | $407K | +6.4% |
5+ Bedrooms | $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 | $285.3K | $311.7K | +9.3% |
Knox County | $335K | $365.1K | +9.0% |
Union County | $280K | $295K | +5.4% |
Campbell County | $225K | $229.9K | +2.2% |
Housing Supply in Anderson County, TN
How many homes are available in Anderson County, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
249 | 292 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 134 | 163 | +21.6% |
4 Bedrooms | 56 | 64 | +14.3% |
5+ Bedrooms | 30 | 32 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 55 | +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
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
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.