Is Andover Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Andover Township has remained a Seller's Market.
Housing Prices in Andover Township, NJ
How much do homes in Andover Township, NJ cost?
Median Sold Price
$430,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Andover Township was $430,000 in May 2024, up 2.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.7K | $225K | +33.3% |
2 Bedrooms | $295K | $305.2K | +3.5% |
3 Bedrooms | $379.9K | $410K | +7.9% |
4 Bedrooms | $532.5K | $594.5K | +11.6% |
5+ Bedrooms | $625K | $683.2K | +9.3% |
Summary: Andover Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Andover Township, NJ
How many homes are available in Andover Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Andover Township real estate market had 52 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Andover Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Andover Township in May 2024, down by 30.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Andover Township, NJ
We’re sorry, we don't have information for this market at the moment