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Andover, MA remains a highly sought-after location, with strong demand for single-family homes and condominiums. As real estate prices fluctuate nationwide, Andover has maintained its status as a competitive market, with home values continuing to rise. This report provides a comprehensive overview, including market trends, key data points, and insights for buyers and sellers.
Market Overview
- Median Home Value: $993,999 (Zillow) | $944,000 (Redfin) | $1.1M (Realtor.com) | $1,049,900 (Coldwell Banker)
- 1-Year Price Change: +2.3% (Zillow) | +26.6% (Redfin) | +18.3% (Realtor.com)
- Median Sale Price: $908,167 (Zillow) | $943,500 (Redfin) | $980,000 (Realtor.com)
- Median Days on Market: 8 days (Zillow) | 19 days (Redfin) | 21 days (Realtor.com)
- Sale-to-List Price Ratio: 103.5% (Redfin) | 102.38% (Realtor.com)
Single-Family Homes
- Typical Home Value: $993,999 (Zillow)
- Median Sale Price: $908,167 (Zillow) | $943,500 (Redfin)
- Market Competitiveness: Homes sell in 8-21 days, often above list price.
Condominiums
- Median Condo Price: $290,000 (Zillow) | $290,000 (Redfin) | $202,000 (Realtor.com) | $350,000 (Coldwell Banker)
- Market Trends: Condos are selling quickly, with demand increasing.
Market Insights
- Seller’s Market: High demand and limited inventory are pushing prices up.
- Competitive Bidding: Many homes receive multiple offers, often selling above asking price.
- Luxury Listings: Properties over $1M are common, with high-end homes exceeding $5M.
Conclusion: Thinking of Buying or Selling? Let’s Connect!
📍 The 2025 Andover real estate market continues to thrive, offering opportunities for both sellers looking to capitalize on rising prices and buyers aiming to secure properties in a competitive market.
🏡 For Sellers – A well-priced and staged home can attract strong offers within days. 🔑 For Buyers – Being prepared with financing and market insights can help you secure your dream home.
💬 Want expert guidance? Connect with a local real estate professional today to ensure a smooth buying or selling experience in Andover, MA!
Additional Resources
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