Is Anderson, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Anderson was a Seller's Market.

Key Takeaway

Anderson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Anderson, MO

How much do homes in Anderson, MO cost?

Median Sold Price

$216,500

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$71,500(+49.3%)

Key Takeaway

Homes in Anderson have sold for 49.3% more than they did a year ago.

Summary: The median home sold price in Anderson was $216,500 in May 2024, up 49.3% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $77.5K$67.5K
-12.9%
2 $113K$148K
+31.0%
3 $145K$241.5K
+66.6%
4 $187.5K$299.9K
+60.0%
5+ --
N/A

Summary: Anderson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 66.6%, 4 bedroom homes increased by 60%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Anderson West Township
+65.2%
Anderson
+49.3%

Housing Supply in Anderson, MO

How many homes are available in Anderson, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3139+25.8%

Summary: The Anderson real estate market had 39 homes for sale in May 2024, a 25.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 36
+100.0%
3 1620
+25.0%
4 78
+14.3%
5+ 33
0.0%

Summary: The Anderson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Anderson in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Anderson, MO

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

Average Sale Time

May 2023May 2024CHANGE
92 Days100 Days+9.2%

Summary: Homes in Anderson had an average of 100 days on market in May 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Anderson are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 6 homes were sold in Anderson; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

Newest Listings in Anderson, MO

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