Is Andover Township, NJ 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, NJ
How much do homes in Andover Township, NJ cost?
Median Sold Price
$430,000
$252/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 $430,000 in April 2024, up 2.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.7K | $225K | +33.3% |
2 Bedrooms | $285K | $297.7K | +4.5% |
3 Bedrooms | $379.9K | $410K | +7.9% |
4 Bedrooms | $532.5K | $625K | +17.4% |
5+ Bedrooms | $660K | $631.2K | -4.4% |
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 33.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in Andover Township, NJ
How many homes are available in Andover Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 51 | +2.0% |
Summary: The Andover Township real estate market had 51 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Andover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Andover Township in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 0% were sold at asking, and 85% were sold over asking.
Days on Market for Andover Township, NJ
How long does it take to sell a home in Andover Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Andover Township; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.