Is Andover Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Andover Lakes was a Seller's Market.
Housing Prices in Andover Lakes, FL
How much do homes in Andover Lakes, FL cost?
Median Sold Price
$145,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Andover Lakes was $145,000 in April 2024, up 20.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $111K | +5.7% |
2 Bedrooms | $137K | $157.5K | +15.0% |
3 Bedrooms | $450K | $475K | +5.6% |
4 Bedrooms | $502.5K | $393K | -21.8% |
5+ Bedrooms | $755K | - | N/A |
Summary: Andover Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Ives Estate | $313K | $445K | +42.2% |
Andover Lakes | $120K | $145K | +20.8% |
Norland | $404.4K | $435K | +7.6% |
Housing Supply in Andover Lakes, FL
How many homes are available in Andover Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The Andover Lakes real estate market had 24 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Andover Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Andover Lakes in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Andover Lakes, FL
How long does it take to sell a home in Andover Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 44 Days | -36.1% |
Summary: Homes in Andover Lakes had an average of 44 days on market in Apr 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Andover Lakes; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.