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 11 Days Ago

Newest Listings in Anderson, IN

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