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 November 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

$159,031

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$181(+0.1%)

Key Takeaway

The sold price of homes in Anderson has remained the same since last year.

Summary: The median home sold price in Anderson was $159,031 in November 2024, up 0.1% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $39K$43.9K
+12.6%
2 $102K$110K
+7.8%
3 $169.9K$174.9K
+2.9%
4 $226.5K$229K
+1.1%
5+ $211.6K$302.4K
+42.9%

Summary: Anderson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 42.9%.

Median Sold Price Compared To Nearby Cities

Anderson
0.1%
Anderson Township
-0.6%

Housing Supply in Anderson, IN

How many homes are available in Anderson, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
316283-10.4%

Summary: The Anderson real estate market had 283 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 8078
-2.5%
3 158133
-15.8%
4 6256
-9.7%
5+ 1213
+8.3%

Summary: The Anderson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9867-31.6%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 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. 55.2% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in Anderson in November 2024, down by 31.6% month-over-month. Of the 67 sold homes, 55% were sold under asking, 19% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
20 Days28 Days+41.9%

Summary: Homes in Anderson had an average of 28 days on market in Nov 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 67 homes were sold in Anderson; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% 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 22 Days Ago

Newest Listings in Anderson, IN

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