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ANDOVER Real Estate Market Trends: Week of February 8th, 2016

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate Market Trends:
 Week of February 8th, 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 February 8th, 2016. (Source: AltosResearch).

Week of February 8th, 2016 Single Family Homes Condo/Townhouse
Median List Price $779,900 $569,900
Average List Price $926,492 $604,717
Average Days on Market 140 165
No. of Homes On Market 77 24
Median House Size 3,123 sq ft. 2,250 sq ft.
Market Action Index

34.8 -  Seller's Advantage

38.7- 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 $779,900. The 77 properties have been on the market for an average of 140 days. Asking price per square feet is $251. The most expensive single family home is listed at $3,200,000 and the least at $233,300. The median list price in ANDOVER, MA for condo/townhouse this week is $569,900. The 24 properties have been on the market for an average of 165 days. Asking price per square feet is $262. The most expensive condo is listed at $1,250,000 and the least at $175,000.

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

Did  notice the average list price reaching close to $926K?

Mar 29, 2016 12:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are not much behind either - for average list price over $600K.

Mar 29, 2016 12:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price close to $800K for single family homes and about $580K for condos - good market it is.

Mar 29, 2016 12:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With 77 homes on market, it's still seller's advantage for market action index of single family homes.

Mar 29, 2016 12:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And with just 23 condos on market, market action index shows it's seller's advantage there, too.

Mar 29, 2016 12:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though single family homes stay on market for 140 days - a bit high for sure.

Mar 29, 2016 12:47 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though condos stay on market for 165 days - a bit high for sure.

Mar 29, 2016 12:47 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, it's still seller's advantage - after all it's Andover.

Mar 29, 2016 12:47 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the single family home is 3,123 sq ft in Burlington this week.

Sep 08, 2016 02:08 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of condo or townhome is 2,250 sq ft in Burlington this week.

Sep 08, 2016 02:08 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index for the single Family Homes this week in Burlington is 34.8.

Sep 08, 2016 02:09 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index for the Condo or Townhomes this week in Burlington is 38.7.

Sep 08, 2016 02:09 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for single family homes in Burlington this week is $251/sq ft.

Sep 08, 2016 02:09 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average price for condo or townhomes in Burlington this week is $262/sq ft.

Sep 08, 2016 02:09 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 12, 2017 10:49 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 $233K.

Mar 12, 2017 10:49 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 12, 2017 10:50 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 $175K.

Mar 12, 2017 10:50 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Please consider the comments for Andover - and ignore Burlington wherever it is present.

Mar 12, 2017 10:51 PM