Is Anderson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$328,416
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Anderson County was $328,416 in May 2024, up 12.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.1K | $265K | +306.6% |
2 Bedrooms | $190K | $205.4K | +8.1% |
3 Bedrooms | $289.9K | $311.6K | +7.5% |
4 Bedrooms | $378K | $420K | +11.1% |
5+ Bedrooms | $574.5K | $565K | -1.7% |
Summary: Anderson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 306.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Counties
Anderson County | $290.7K | $328.4K | +12.9% |
Union County | $285K | $307K | +7.7% |
Scott County | $199K | $212.5K | +6.8% |
Knox County | $346.2K | $369.5K | +6.7% |
Campbell County | $222K | $232.7K | +4.8% |
Housing Supply in Anderson County, TN
How many homes are available in Anderson County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
295 | 293 | -0.7% |
Summary: The Anderson County real estate market had 293 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 36 | 26 | -27.8% |
3 Bedrooms | 169 | 163 | -3.6% |
4 Bedrooms | 60 | 70 | +16.7% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Anderson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 92 | +12.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Anderson County in May 2024, up by 12.2% month-over-month. Of the 92 sold homes, 36% were sold under asking, 33% were sold at asking, and 32% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 36 Days | +161.2% |
Summary: Homes in Anderson County had an average of 36 days on market in May 2024, up by 161.2% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 92 homes were sold in Anderson County; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.