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ANDOVER Real Estate Market Trends: Week of March 28th, 2016

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate Market Trends:
 Week of March 28th, 2016

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Here is a snapshot of real estate market for single family homes and condo/townhouses in ANDOVER, MA for the week of March 28th, 2016. (Source: AltosResearch).

Week of March 28th, 2016 Single Family Homes Condo/Townhouse
Median List Price $785,000 $609,900
Average List Price $960,180 $638,187
Average Days on Market 125 137
No. of Homes On Market 85 30
Median House Size 3,092 sq ft. 2,316 sq ft.
Market Action Index

35.4 -  Seller's Advantage

38.0- Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in ANDOVER, MA for single family homes this week is $785,000. The 85 properties have been on the market for an average of 125 days. Asking price per square feet is $246. The most expensive single family home is listed at $3,200,000 and the least at $219,000. The median list price in ANDOVER, MA for condo/townhouse this week is $609.900. The 30 properties have been on the market for an average of 137 days. Asking price per square feet is $254. The most expensive condo is listed at $1,359,000 and the least at $160,000.

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Its a great market in Andover this week - good sellers market.

Jun 08, 2016 04:37 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price of Single Family Homes this week in Andover is $785K.

Jun 08, 2016 04:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price of Condo or townhomes this week in Andover is $610K.

Jun 08, 2016 04:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average List Price of Single Family Homes this week in Andover is 960K.

Jun 08, 2016 04:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average List Price of condo or townhomes this week in Andover is $638K.

Jun 08, 2016 04:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average days on market for single family homes this week in Andover is 125.

Jun 08, 2016 04:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average days on market for condo or townhomes this week in Andover is 137.

Jun 08, 2016 04:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

There are 85 single family homes on market this week in Andover.

Jun 08, 2016 04:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

There are 30 condo or townhomes on market this week in Andover.

Jun 08, 2016 04:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index for Single Family Homes this week in Andover is 35.4.

Jun 08, 2016 04:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index for Condo or Townhomes this week in Andover is 38.0.

Jun 08, 2016 04:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for single family homes in Andover this week is $246/sq ft.

Jun 08, 2016 04:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for condo or townhomes in Andover this week is $254/sq ft.

Jun 08, 2016 04:44 PM