Is Andover, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Andover is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Andover has remained a Seller'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, CT

How much do homes in Andover, CT cost?

Median Sold Price

$399,900

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$108,900(+37.4%)

Key Takeaway

Homes in Andover have sold for 37.4% more than they did a year ago.

Summary: The median home sold price in Andover was $399,900 in February 2024, up 37.4% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $275.2K$330K
+19.9%
3 $291K$399.9K
+37.4%
4 $357.5K$452.5K
+26.6%
5+ -$640K
N/A

Summary: Andover housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 37.4%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Andover
+37.4%
Hebron
+14.3%
Coventry
+12.1%

Housing Supply in Andover, CT

How many homes are available in Andover, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
53-40.0%

Summary: The Andover real estate market had 3 homes for sale in February 2024, a 40.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 31
-66.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Andover housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Andover, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Andover in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Andover, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Andover, CT

Nearby Markets to Andover, CT

What housing markets are near Andover, CT?