Exploring the Andover, MA Real Estate Market

Andover, Massachusetts, nestled in the heart of Essex County, offers a dynamic real estate landscape. Whether you’re a potential seller or buyer, understanding the market trends and community features is essential. Let’s dive into the details that matter.

Market Overview

• Median Sale Price (January 2024): $760,000 (up 40.1% from last year)
• Average Days on Market: 26 days (compared to 54 days last year)
• Homes Sold in January 2024: 9 (down from 24 last year)

Andover’s real estate market is highly competitive, with homes selling swiftly and often receiving multiple offers. The sale-to-list price ratio stands at an impressive 101.1%.

Why Andover?

1. Top-Rated Schools: Andover Public Schools offer excellent academics, competitive sports teams, and top-notch performing arts programs . Families appreciate the educational opportunities available to their children.
2. Vibrant Community: Downtown Andover serves as the town’s centerpiece, bustling with retail shops, restaurants, and service businesses. It’s a hub of activity, making it an attractive place to live and engage with the community.
3. Historic Charm: Andover’s Old Town Hall, a beautiful building in the heart of downtown, awaits adaptive re-use. Discussions center around creating gathering spaces and active areas for residents and visitors alike.

For Potential Sellers

• Timing: With the market favoring sellers, now could be an opportune time to list your property.
• Pricing: Consult with a real estate agent to determine the optimal listing price based on recent sales data.
• Curb Appeal: Enhance your home’s exterior to attract buyers.
• Highlight Community Features: Emphasize Andover’s schools, vibrant downtown, and cultural scene.

For Potential Buyers

• Act Swiftly: Homes sell quickly, so be prepared to make timely offers.
• Explore Schools: Andover’s highly rated schools are a significant draw for families.
• Community Amenities: Take advantage of the bustling downtown, restaurants, and cultural events.
• Consider Historic Spaces: Keep an eye on developments like the Old Town Hall, which may offer exciting opportunities.

Conclusion

Andover’s real estate market combines history, culture, and community. Whether you’re selling or buying, this charming town has something to offer. Let’s shape the future together!

Disclaimer: The information provided is based on available data and market trends.  Real estate data is subject to change. 

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc.