Is North Andover, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, North Andover has remained a Seller's Market.
Key Takeaway
North Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in North Andover, MA cost?
Median Sold Price
$630,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$35,500(+6.0%)
Key Takeaway
Homes in North Andover have sold for 6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $198K | $230K | +16.2% |
| 2 Bedrooms | $324K | $335K | +3.4% |
| 3 Bedrooms | $515K | $583K | +13.2% |
| 4 Bedrooms | $750K | $875K | +16.7% |
| 5+ Bedrooms | $780K | $1.0M | +28.2% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Lawrence | +15.0% |
| Methuen Town | +14.5% |
| Methuen | +14.5% |
| Andover | +6.1% |
| North Andover | +6.0% |
How many homes are available in North Andover, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 110 | 137 | +24.5% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 20 | 18 | -10.0%  |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 40 | 55 | +37.5% |
| 5+ Bedrooms | 15 | 22 | +46.7% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 26 | 39 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Andover, you could pay more than the asking price. 87.2% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 19 Days | 14 Days | -26.7% |
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Andover are selling fast, if you're buying plan to act quickly.
