Is Anderson, SC 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, SC

How much do homes in Anderson, SC cost?

Median Sold Price

$264,483

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$31,816(+13.7%)

Key Takeaway

Homes in Anderson have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Anderson was $264,483 in April 2024, up 13.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $41.2K$139K
+237.0%
2 $147K$144.6K
-1.6%
3 $230K$258.2K
+12.3%
4 $356K$365.1K
+2.6%
5+ $472.5K$440.5K
-6.8%

Summary: Anderson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 237%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 6.8%.

Housing Supply in Anderson, SC

How many homes are available in Anderson, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
567645+13.8%

Summary: The Anderson real estate market had 645 homes for sale in April 2024, a 13.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 77
0.0%
2 7391
+24.7%
3 317347
+9.5%
4 124146
+17.7%
5+ 4654
+17.4%

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 increased by 24.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 17.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
138141+2.2%

Asking Price vs. Sold Price

77 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

25 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. 55.8% of homes here sold below asking price last month.

Summary: A total of 141 homes were sold or pending in Anderson in April 2024, up by 2.2% month-over-month. Of the 138 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% were sold over asking.

Days on Market for Anderson, SC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days47 Days-13.8%

Summary: Homes in Anderson had an average of 47 days on market in Apr 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Anderson has remained consistent over time.

Summary: During April 2024, 141 homes were sold in Anderson; 25% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% 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 12 Days Ago

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