The Latest Real Estate Trends in Anderson, SC this June 2022

The city of Anderson, South Carolina is home to over 26,000 people. It is a popular destination for residents of all ages because of its diversity, proximity to major cities like Greenville, and a short drive to Lake Hartwell. Anderson is also just an hour away from the stunning Blue Ridge Mountains and right off I-85, which connects North Carolina to Atlanta.

Thinking about moving to Anderson? Or are you considering moving out? We’ve put together a guide to the city, as well as the real estate trends in 2022 you’d expect in Anderson, SC.

Anderson, SC in a Nutshell

Anderson is called the friendliest city in South Carolina because of its tight-knit community that’s always ready to welcome newcomers. Also in 2000, Anderson won the National Civic League’s “All American City” award, and it’s known as the
“City of Hospitality.”

With a growing population and lots of diversity, Anderson is a great place to experience culture and history. It has a population of just over 27,000 people, from babies to seniors. Anderson is almost 40% non-white, and nearly 3% speaks Spanish. In general, Anderson is praised for its welcoming neighborhoods, making newcomers feel right at home as soon as they arrive.

About half of Anderson’s population is families with kids under 18, so it’s a great place for young professionals who want to start their own family. Anderson is a relatively young city, with a median age of 37. It is also a conservative community, with most residents identifying as Republicans.

Anderson Real Estate Trends for Q2 2022

Anderson has an incredibly low cost of living. The average cost of living in the city is lower than nearby Greenville. 

According to Realtor.com, there are currently 606 homes up for sale on real estate sites, while there are 59 homes up for rent. Most of these homes consist of two bedrooms and two bathrooms, making them ideal for Anderson’s median home value is just $250,000, which was up by 19.1% the median home price in April 2022. However, that’s still less than the national average of $374,900.

In April 2022, 98 homes were sold, compared to 114 last year. It could mean that not many homeowners are looking to move houses.

As of the same period, Anderson is a buyer’s market, which means that real estate trends reflect that there are  more homes for sale than there are buyers. Homes sell after 40 days on the market, although hot homes can sell for 5% above the list price and go pending in around four days. Median days on the real estate market are down since last month, and a bit since last year. 

Being a buyer’s market means that buyers have an advantage over a seller in price negotiations. If you’re thinking about moving to Anderson, then you have more wiggle room in negotiating the price. On the other hand, if you’re a seller, prepare to sell lower than your listed price. Prepare yourself by determining how low you want the sale to go. If you think you won’t get a fair price from selling the traditional way, then consider selling to a cash home buyer who will buy your house and close the deal on your chosen schedule.

 Anderson is known as an ideal place to live in South Carolina. But like any other city, this city with a friendly neighborhood has its own struggles in the real estate market. Whether you’re buying or selling a house in Anderson, be sure to keep updated with the latest real estate trends to know what’s in store for your potential transaction.

Need to Sell Your House Fast?

Regardless of your situation, Sell My House Fast – GSAP is ready to help you move on. We buy houses in Anderson, SC, and we do so in a simple, straightforward process designed to help you alleviate the stress associated with the money, time, and effort required to sell your home.

If you sell your Anderson house to us, you don’t have to deal with all the hassle and stress of preparing it to go on the real estate market the traditional way. This way you won’t have a long list of updates, no contractors to fix things, no cleaning or decluttering, no staging, no showings, or open houses where strangers are invading your space.

Get an instant offer on your home today by calling us at (864) 428-9197.

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