Is Andover, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Andover was a Buyer's Market.
Key Takeaway
Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Andover, OH
How much do homes in Andover, OH cost?
Median Sold Price
$157,900
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Andover have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Andover was $157,900 in May 2024, up 7.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.7K | $22.5K | -35.2% |
| 2 Bedrooms | $90K | $145K | +61.1% |
| 3 Bedrooms | $182.4K | $159.9K | -12.4% |
| 4 Bedrooms | $157.9K | $260K | +64.6% |
| 5+ Bedrooms | $140K | $175K | +25.0% |
Summary: Andover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 61.1%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 64.6%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Andover | $147.5K | $157.9K | +7.1% |
| Andover Township | $147.5K | $157.9K | +7.1% |
Housing Supply in Andover, OH
How many homes are available in Andover, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Andover real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Andover housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Andover, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Andover in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Andover, OH
How long does it take to sell a home in Andover, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 180 Days | 25 Days | -85.8% |
Summary: Homes in Andover had an average of 25 days on market in May 2024, down by 85.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Andover are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Andover; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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