How sizzling is the true property market in Anderson County? 14.9% improve

The median gross sales value for a single-family house in Anderson County throughout October was $220,000. That is a rise of 14.9% in contrast with October 2020, in accordance with a USA TODAY Community localized evaluation generated with information from Realtor.com.

The variety of homes bought rose by 5.8% from a yr earlier. A complete of 110 homes had been bought countywide in the course of the month of October. Throughout the identical interval a yr earlier, 104 single-family properties had been bought.

Actual property gross sales can take weeks or months to be recorded and picked up. That is the most recent information made obtainable via Realtor.com to the USA TODAY Community.

Condominiums and townhomes bought in October had a median gross sales value of $258,500. That determine represents a 84.8% improve year-over-year. In Anderson County, 10 had been bought, up 66.7% from a yr earlier.

How sizzling is Anderson County’s actual property market in Tennessee?

Data in your native housing markets is obtainable via the USA TODAY Community, with extra information from Realtor.com.

The highest 10% of the properties bought had costs of a minimum of $422,000, up 14.1% from a yr earlier than.

In October, no properties bought for $1 million or extra.

The median house sale value — the halfway level of all the homes or models bought over a time frame — is used on this report as a substitute of the typical house sale value as a result of specialists say the median provides a extra correct view of what is taking place in a market. Find the typical value, all costs of properties bought are added after which divided by the variety of properties bought. This measure could be skewed by one low or excessive value.

The USA TODAY Community is publishing localized variations of this story on its information websites throughout the nation, generated with information from Realtor.com. The story was written by Sean Lahman.

This text initially appeared on Oakridger: Anderson County’s common house bought for a better value yr over yr

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