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ANDOVER Real Estate Market Trends: Week of December 28th, 2015

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate Market Trends:
 Week of December 28th, 2015


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 December 28th, 2015. (Source: AltosResearch).

Week of December 28th, 2015 Single Family Homes Condo/Townhouse
Median List Price $749,900 $394,900
Average List Price $912,862 $527,309
Average Days on Market 137 129
No. of Homes On Market 79 29
Median House Size 3,060 sq ft. 2,045 sq ft.
Market Action Index

37.7 -  Seller's Advantage

37.3- 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 $749,900. The 79 properties have been on the market for an average of 137 days. Asking price per square feet is $261. The most expensive single family home is listed at $3,200,000 and the least at $219,900. The median list price in ANDOVER, MA for condo/townhouse this week is $394,900. The 29 properties have been on the market for an average of 129 days. Asking price per square feet is $255. The most expensive condo is listed at $1,250,000 and the least at $99,900.

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

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Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Very comprehensive information.  I find that price per square foot can swing wildly in my market and don't use it.  Do you use it consistently?

Jan 07, 2016 12:35 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Joan - appreciate it.

Jan 24, 2016 01:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Almost parallel between the condos and single family homes in Andover.

Jan 24, 2016 01:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both market action index suggest it's Seller's Advantage - and are little over 37.

Jan 24, 2016 01:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The $/sq ft is $255  and $261 - very close to each other for both kind of homes.

Jan 24, 2016 01:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market are 137 for single family homes and 129 for condos. Almost identical.

Jan 24, 2016 01:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Number of homes on market are 79 and 29 condos - proportionate as per their total values.

Jan 24, 2016 01:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

http://activerain.com/profile/nancyherrmann

Jan 24, 2016 01:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For condos, median list price of about $400K and asverage list price close to $510K.

Jan 24, 2016 01:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, little better market than it was earlier when holiday season began - good sign for sellers for sure.

Jan 24, 2016 01:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the single family home is 3,060 sq ft in Andover this week.

Mar 15, 2017 10:22 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the condo or townhome is 2,045 sq ft in Andover this week.

Mar 15, 2017 10:22 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The Median List Price of the Single Family Homes this week in Andover is $750k.

Mar 15, 2017 10:23 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The average List Price of the single Family Homes this week in Andover is $912K.

Mar 15, 2017 10:23 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 $3.2M.

Mar 15, 2017 10:24 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 $1.25M.

Mar 15, 2017 10:24 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 $220K.

Mar 15, 2017 10:24 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 $100K.

Mar 15, 2017 10:24 PM