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

Housing Market Conditions



Gauge showing Andover is a seller's market


Difference Since February 2022

At the same time last year, Andover was a Neutral Market.

Key Takeaway

Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Andover, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Andover have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $292.4K$311.5K
2 $430K$525K
3 $665K$740K
4 $894K$977K
5+ $1.0M$1.3M

Median Sold Price Compared To Nearby Cities

North Andover

How many homes are available in Andover, MA?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 12
2 145
3 109
4 1617
5+ 66

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Andover, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
27 Days39 Days+42.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Andover are selling fast, if you're buying plan to act quickly.

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

About Andover, MA

Andover, MA has 39 homes on the market. The number of listings in Andover, MA decreased by 17% between January 2023 and February 2023. In February 2023 median list price was $855,000 and the average listing age was 39 days. Real estate listing prices changed between January 2023 and February 2023: prices of 1 bedroom properties went up by 6.5%, 2 bedrooms properties became 22.1% more expensive, the cost of 3 bedrooms properties went up by 11.3%, prices of 4 bedrooms properties increased by 9.3%, prices of 5 bedrooms properties increased by 25.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 100%, number of 2 bedrooms homes decreased by 64.3%, the quantity of 3 bedrooms homes went down by 10%, 4 bedrooms homes became 6.3% more available, 5 bedrooms homes did not move. While more than 3 listings in Andover, MA in February 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.

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