North Andover Real Estate Market Update: What the Last 6 Months Reveal

North Andover’s real estate market continues to show strength, stability, and steady buyer demand across all property types. Based on MLS data from the past six months, the town remains one of the Merrimack Valley’s most competitive and desirable markets — especially for single‑family homes.

Below is a breakdown of the trends shaping the market right now.

Single‑Family Homes: High Demand & Higher Price Points

The single‑family segment remains the powerhouse of North Andover’s market.

Key stats from the MLS report:

47 active/under‑agreement listings
Median list price: $1,150,000
Median living area: 3,086 sq ft
Median price per sq ft: $356
Median days on market: 19 days

These numbers show a market where well‑priced homes — especially Colonials between $900K and $1.3M — are moving quickly. Many properties went under agreement in under two weeks, including:

“255 Hay Meadow Rd — 4 bed Colonial listed at $974,900 — under agreement in just 9 days.”

Luxury listings above $1.5M are seeing longer market times, but demand remains steady for updated, spacious homes in top neighborhoods like Bear Hill, Webster Woods, and Regency.

Condominiums: Affordability Meets Competition

Condos continue to offer the most accessible entry point into North Andover.

Market snapshot:

40 condo listings
Median list price: $404,000
Median size: 1,062 sq ft
Median price per sq ft: $358
Median DOM: 19 days

The condo market is extremely active, with many units going under agreement in under 2–3 weeks. For example:

“68 Edgelawn Ave U:9 — 2‑bed low‑rise listed at $299,000 — under agreement in 16 days.”

Inventory is tight, and buyers are acting fast.

Multi‑Family Homes: Rare & Valuable

Multi‑family opportunities in North Andover are limited — and they move quickly.

Only 4 listings appeared in the last six months, with:

Median list price: $887,000
Median living area: 2,834 sq ft
Median DOM: 33 days

These properties attract both investors and owner‑occupants, especially 2‑family homes near downtown and the Old Center.

One example:

“100 Union St — 2‑unit property listed at $850,000 — under agreement in 20 days.”

Land Sales: Limited Supply, High Interest

Only three land listings appeared — all in the Old Center and Great Pond Road areas.

Median list price: $599,000
Median DOM: 120 days

Land remains scarce, and buyers seeking custom builds face limited options.

What This Means for Buyers & Sellers

For Buyers

Expect competition, especially under $1M.
Be prepared for quick decision‑making.
Condos remain the most budget‑friendly entry point.

For Sellers

Well‑priced homes are moving fast — often within 1–2 weeks.
High‑end homes still sell, but require strong presentation and pricing.
Inventory remains low, giving sellers leverage.

Median Price Table (Last 6 Months)

(Based on MLS data report)

Property Type	Median List Price	Median Sq Ft	Median $/Sq Ft	Median DOM
Single‑Family Homes	$1,150,000	3,086 sq ft	$356	19
Condominiums	$404,000	1,062 sq ft	$358	19
Multi‑Family Homes	$887,000	2,834 sq ft	$313	33
Land Listings	$599,000	—	—	120

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