Is Andover, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Andover has remained a Seller's Market.
Housing Prices in Andover, MA
How much do homes in Andover, MA cost?
Median Sold Price
$869,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Andover was $869,000 in April 2024, up 2.2% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $311.5K | $325K | +4.3% |
2 Bedrooms | $504.3K | $400K | -20.7% |
3 Bedrooms | $725K | $735K | +1.4% |
4 Bedrooms | $978.5K | $1.0M | +9.9% |
5+ Bedrooms | $1.3M | $1.3M | +0.8% |
Summary: Andover housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Tewksbury | $575.9K | $601.2K | +4.4% |
Wilmington | $674.1K | $700K | +3.8% |
Andover | $850.3K | $869K | +2.2% |
North Andover | $690K | $704.6K | +2.1% |
Lawrence | $500K | $510K | +2.0% |
Housing Supply in Andover, MA
How many homes are available in Andover, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 102 | +36.0% |
Summary: The Andover real estate market had 102 homes for sale in April 2024, a 36.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 11 | 20 | +81.8% |
4 Bedrooms | 27 | 39 | +44.4% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Andover housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Andover in April 2024, down by 13.6% month-over-month. Of the 19 sold homes, 16% were sold under asking, 21% were sold at asking, and 63% were sold over asking.
Days on Market for Andover, MA
How long does it take to sell a home in Andover, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -11.2% |
Summary: Homes in Andover had an average of 19 days on market in Apr 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Andover; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.