The median home in Anderson County listed for $422,450 in May, up 8.7% from the previous month's $388,725, an analysis of data from Realtor.com shows.
Compared to May 2023, the median home list price increased 8.5% from $389,250.
The statistics in this article only pertain to houses listed for sale in Anderson County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.oakridger.com.
Anderson County's median home was 1,944 square feet, listed at $214 per square foot. The price per square foot of homes for sale is up 6% from May 2023.
Listings in Anderson County moved steadily, at a median 46 days listed compared to the May national median of 44 days on the market. In the previous month, homes had a median of 43 days on the market. Around 64 homes were newly listed on the market in May, a 25.6% decrease from 86 new listings in May 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Knoxville metro area, median home prices rose to $492,500, up 0.1% from a month earlier. The median home had 2,173 square feet, at a list price of $229 per square foot.
In Tennessee, median home prices were $449,995, a slight increase from April. The median Tennessee home listed for sale had 2,034 square feet, with a price of $235 per square foot.
Throughout the United States, the median home price was $442,450, a slight increase from the month prior. The median American home for sale was listed at 1,859 square feet, with a price of $233 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
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