Is Anderson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$324,607
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Anderson County was $324,607 in April 2024, up 12% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $265K | +89.3% |
2 Bedrooms | $190K | $201.9K | +6.3% |
3 Bedrooms | $289.9K | $310K | +6.9% |
4 Bedrooms | $375K | $415K | +10.7% |
5+ Bedrooms | $516.1K | $564.9K | +9.5% |
Summary: Anderson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Anderson County | $289.9K | $324.6K | +12.0% |
Knox County | $342K | $367.9K | +7.6% |
Campbell County | $220.7K | $235K | +6.5% |
Scott County | $199.5K | $210K | +5.3% |
Union County | $284.5K | $298.4K | +4.9% |
Housing Supply in Anderson County, TN
How many homes are available in Anderson County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
310 | 293 | -5.5% |
Summary: The Anderson County real estate market had 293 homes for sale in April 2024, a 5.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 33 | 37 | +12.1% |
3 Bedrooms | 185 | 173 | -6.5% |
4 Bedrooms | 60 | 54 | -10.0% |
5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Anderson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 80 | -1.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Anderson County in April 2024, down by 1.2% month-over-month. Of the 80 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Anderson County, TN
How long does it take to sell a home in Anderson County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 38 Days | +62.7% |
Summary: Homes in Anderson County had an average of 38 days on market in Apr 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 80 homes were sold in Anderson County; 73% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.