Is Anderson, SC 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 November 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, SC

How much do homes in Anderson, SC cost?

Median Sold Price

$279,399

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,365(+5.4%)

Key Takeaway

Homes in Anderson have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Anderson was $279,399 in November 2024, up 5.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $95K$165.9K
+74.7%
2 $149.5K$153.7K
+2.8%
3 $255K$269.9K
+5.9%
4 $369.9K$378.6K
+2.4%
5+ $414.4K$450K
+8.6%

Summary: Anderson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.6%.

Housing Supply in Anderson, SC

How many homes are available in Anderson, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
601596-0.8%

Summary: The Anderson real estate market had 596 homes for sale in November 2024, a 0.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 8383
0.0%
3 328327
-0.3%
4 136138
+1.5%
5+ 5246
-11.5%

Summary: The Anderson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12798-22.8%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

9 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 98 homes were sold or pending in Anderson in November 2024, down by 22.8% month-over-month. Of the 97 sold homes, 53% were sold under asking, 38% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
43 Days69 Days+60.1%

Summary: Homes in Anderson had an average of 69 days on market in Nov 2024, up by 60.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

18 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 November 2024, 98 homes were sold in Anderson; 16% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 17 Days Ago

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