Is Andover, MA 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 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

$855,000

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$129,000(+17.8%)

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
+6.5%
2 $430K$525K
+22.1%
3 $665K$740K
+11.3%
4 $894K$977K
+9.3%
5+ $1.0M$1.3M
+25.7%

Median Sold Price Compared To Nearby Cities

Andover
+17.8%
North Andover
+10.3%
Lawrence
+7.5%
Wilmington
+7.1%
Tewksbury
+6.3%

How many homes are available in Andover, MA?

Number of Homes For Sale

Jan 2023Feb 2023%
4739-17.0%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 12
+100.0%
2 145
-64.3%
3 109
-10.0%
4 1617
+6.3%
5+ 66
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
227-68.2%

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.

Local real estate agents are ready to help you find a home here.

Connect With An Agent

Sell your home with an expert or get the job done on your own.

Sell My Home

Get a customizable mortgage solution based on today's rates.

Get Approved
80A Washington Park Dr Unit 3, Andover, MA 01810

$370,000

2

1

815 SqFt

80A Washington Park Dr Unit 3, Andover MA, 01810

Lynne Rudnicki

Listing Office:

Home Seller's Edge

#73092745

MLS logo
186 Summer St, Andover, MA 01810

$869,900

4

2 Full, 1 Partial

2,137 SqFt

186 Summer St, Andover MA, 01810

The Deborah Lucci Team

Listing Office:

William Raveis R.E. & Home Services

#73092458

MLS logo
3 Algonquin Ave, Andover, MA 01810

$1,069,000

4

2 Full, 1 Partial

3,192 SqFt

3 Algonquin Ave, Andover MA, 01810

The Durling Group

Listing Office:

Leading Edge Real Estate

#73091458

MLS logo
12 George St, Andover, MA 01810

$640,000

3

2

2,234 SqFt

12 George St, Andover MA, 01810

Salah Amrani

Listing Office:

Keller Williams Gateway Realty

#73091589

MLS logo
64 Central St, Andover, MA 01810

$2,750,000

6

5 Full, 1 Partial

7,299 SqFt

64 Central St, Andover MA, 01810

Kathleen Murphy

Listing Office:

Gibson Sotheby's International Realty

#73091511

MLS logo
50.5 Whittier St Unit 4, Andover, MA 01810

$375,000

1

1

576 SqFt

50.5 Whittier St Unit 4, Andover MA, 01810

William Buck

Listing Office:

Stone Wall Real Estate

#73091156

MLS logo
74 Park St Unit 2, Andover, MA 01810

$375,000

1

1

480 SqFt

74 Park St Unit 2, Andover MA, 01810

The Joe & Cindy Team

Listing Office:

William Raveis R.E. & Home Services

#73091160

MLS logo
52 High St Unit 0, Andover, MA 01810

Backup Offers

$489,000

3

1 Full, 1 Partial

1,240 SqFt

52 High St Unit 0, Andover MA, 01810

Yelena Yerozolimsky

Listing Office:

Coldwell Banker Realty - Andover

#73090931

MLS logo
6 Phaeton Cir, Andover, MA 01810

$1,350,000

5

3 Full, 1 Partial

4,051 SqFt

6 Phaeton Cir, Andover MA, 01810

The Peggy Patenaude Team

Listing Office:

William Raveis R.E. & Home Services

#73090703

MLS logo
39 Ivana Dr Unit 0, Andover, MA 01810

Backup Offers

$1,350,000

3

4 Full, 1 Partial

3,387 SqFt

39 Ivana Dr Unit 0, Andover MA, 01810

Cyndy Demont

Listing Office:

William Raveis R.E. & Home Services

#73090606

MLS logo
19 Wolcott Ave, Andover, MA 01810

Backup Offers

$1,050,000

4

2 Full, 1 Partial

2,849 SqFt

19 Wolcott Ave, Andover MA, 01810

The Matt Witte Team

Listing Office:

William Raveis R.E. & Home Services

#73090543

MLS logo
8 Penbrook Cir, Andover, MA 01810

$1,249,000

5

3 Full, 1 Partial

4,482 SqFt

8 Penbrook Cir, Andover MA, 01810

Christine Rich

Listing Office:

Citylight Homes LLC

#73090422

MLS logo

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.

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 03/01/2021 - 03/01/2023

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 3/30/2023, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Housing Market Reports

Popular Cities with Homes for Sale in Massachusetts