Is Andover Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Andover Township has remained a Seller's Market.
Housing Prices in Andover Township, MN
How much do homes in Andover Township, MN cost?
Median Sold Price
$438,873
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Andover Township was $438,873 in April 2024, up 2.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $185K | +2.8% |
2 Bedrooms | $315K | $339K | +7.6% |
3 Bedrooms | $409.4K | $380K | -7.2% |
4 Bedrooms | $435K | $470K | +8.0% |
5+ Bedrooms | $534.4K | $562.5K | +5.2% |
Summary: Andover Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Crookston | $168.9K | $182.5K | +8.0% |
Andover Township | $430K | $438.8K | +2.1% |
Fairfax Township | $145.2K | $128.2K | -11.7% |
Housing Supply in Andover Township, MN
How many homes are available in Andover Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
168 | 206 | +22.6% |
Summary: The Andover Township real estate market had 206 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 45 | 56 | +24.4% |
4 Bedrooms | 79 | 94 | +19.0% |
5+ Bedrooms | 32 | 39 | +21.9% |
Summary: The Andover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 46 | +64.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Andover Township in April 2024, up by 64.3% month-over-month. Of the 46 sold homes, 26% were sold under asking, 35% were sold at asking, and 39% were sold over asking.
Days on Market for Andover Township, MN
How long does it take to sell a home in Andover Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 38 Days | +2.4% |
Summary: Homes in Andover Township had an average of 38 days on market in Apr 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Andover Township; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.