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ANDOVER Real Estate Market Trends: Week of July 25th, 2016

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate Market Trends:
 Week of July 25th, 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. The 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 July 25th, 2016. (Source: AltosResearch).

Week of July 25th, 2016 Single Family Homes Condo/Townhouse
Median List Price $805,000 $739,900
Average List Price $1,015,744 $689,032
Average Days on Market 120 126
No. of Homes On Market 105 28
Median House Size 3,550 sq ft. 2,983 sq ft.
Market Action Index

39.8 -  Seller's Advantage

43.5 - Seller's Advantage

Data provided by ©2005-2016 Altos Research LLC.

The median list price in ANDOVER, MA for single family homes this week is $805,000. The 105 properties have been on the market for an average of 120 days. The average asking price per square feet is $247. The most expensive single family home is listed at $3,695,000 and the least at $202,000. The median list price in ANDOVER, MA for condo/townhouse this week is $739,900. The 28 properties have been on the market for an average of 126 days. The average asking price per square feet is $252. The most expensive condo is listed at $1,358,000 and the least at $207,900.

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

There are 105 Single Family Homes on the market this week in Andover.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the single family home is 3,550 sq ft in Andover this week.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Market Action Index for the single Family Homes this week in Andover is 39.8.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The most expensive single-family home listing in Andover this week is at $3,695K.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The least expensive single-family home listing in Andover this week is at $202K.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average price for the single-family homes in Andover this week is $247/sq ft.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

A low number of days on market but high inventory shows Single Family Market in Andover is likely to slow down.

Oct 01, 2017 10:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Based on the median price and the average price, it seems the market for single-family homes is steady.

Oct 01, 2017 10:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Let me continue with the market trends for condo or townhomes in Andover this week.

Oct 01, 2017 10:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Median List Price of the Condo or townhomes this week in Andover is $740K.

Oct 01, 2017 10:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Average List Price of condo or townhomes this week in Andover is $689K.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average days on market for condo or townhomes this week in Andover is 126.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

There are 28 condo or townhomes on the market this week in Andover.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the condo or townhome is 2,983 sq ft in Andover this week.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Market Action Index for the Condo or Townhomes this week in Andover is 43.5.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The most expensive condo or townhome listing in Andover this week is at $1,358K.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The least expensive condo or townhome listing in Andover this week is at $208K.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average price for the condo or townhomes in Andover this week is $252/sq ft.

Oct 01, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

A high number of days on market and low inventory shows Condo or townhomes Market in Andover is likely to be hot.

Oct 01, 2017 10:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Based on the median price and the average price, it seems the market for condos and townhomes is at best steady.

Oct 01, 2017 10:15 PM