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Andover Real Estate Sales Trends Report

Thinking of Buying or Selling a Home in Andover?

Get informed on the local real estate market by looking at some key data for the past 12 months and at what's for sale in Andover today.

A Look Back at The Last 12 Months

The below graphs show monthly sales trends for Andover properties from September 1, 2016 to September 30, 2017. All data is sourced from MLS (Multiple Listing Service).

Andover Single Family Home Sales Trends

September 2016 to September 2017

The above chart shows that the Average Sold Price for September 2017 ($714K) is up from September 2016 ($631K), while the Average List Price for September 2017 ($715K) is down from September 2016  ($745K).

Andover Condomium Sales Trends

September 2016 to September 2017


The above chart shows that the Average Sold Price for September 2017 ($267K) is down from September 2016 ($392K), and so is the Average List Price for September 2017 ($384K) down from September 2016 ($421K).

Current Market Snapshot

Today, there are 77 single family homes for sale in Andover — 50 of them have a list price under $1 Million, while 27 have a list price over $1 Million. Compare that with the condominiums for sale in Andover, where 22 have a list price under $1 Million and just 2 have a list price over $1 Million.

Andover Single Family Homes for Sale

October 6, 2017

Andover Condominiums for Sale

October 6, 2017

Inventory of Properties for Sale in Andover is Low

The Total Inventory of Properties available for sale as of September 2017 was 106, up 6 percent from 100 in August 2017, and down 20.9 percent from 134 in September of last year. September 2017 Inventory was at the lowest level compared to September of 2016 and 2015.

Low inventory typically indicates a seller's market. Other data points, such as Days on Market (DOM) and price band provide more clarity. Today in Andover, the average DOM for properties with a list price over $1 Million is 225, while the average DOM for properties with a list price under $1M is 83. Click to View Andover Homes for Sale and More Market Data

Your North of Boston Real Estate Connection

A 20-plus year Andover resident, I would be happy to answer any questions you have about the local community and assist with your buying and selling needs.  For a complimentary and current pricing study of your home, call 978.886.4852 or email me today.

View New Listings in AndoverAll Andover Homes for SaleAll Andover Condos for Sale.