Is Anderson, IN 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 April 2023

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

Key Takeaway

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

Housing Prices in Anderson, IN

How much do homes in Anderson, IN cost?

Median Sold Price

$159,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,000(+22.3%)

Key Takeaway

Homes in Anderson have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in Anderson was $159,000 in April 2024, up 22.3% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $41.5K$45K
+8.4%
2 $90K$110K
+22.2%
3 $150K$175K
+16.7%
4 $187.7K$224.9K
+19.8%
5+ $240K$180K
-25.0%

Summary: Anderson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Cities

Anderson
+22.3%
Anderson Township
+17.8%

Housing Supply in Anderson, IN

How many homes are available in Anderson, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
284286+0.7%

Summary: The Anderson real estate market had 286 homes for sale in April 2024, a 0.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 8379
-4.8%
3 147148
+0.7%
4 3538
+8.6%
5+ 1517
+13.3%

Summary: The Anderson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7481+9.5%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

22 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. 49.4% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Anderson in April 2024, up by 9.5% month-over-month. Of the 81 sold homes, 49% were sold under asking, 23% were sold at asking, and 27% were sold over asking.

Days on Market for Anderson, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days44 Days+33.8%

Summary: Homes in Anderson had an average of 44 days on market in Apr 2024, up by 33.8% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

14 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 April 2024, 81 homes were sold in Anderson; 62% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 5 Days Ago

Newest Listings in Anderson, IN

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