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ANDOVER Real Estate Market Trends: Week of November 14th, 2016

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate Market Trends:
 Week of November 14th, 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 November 14th, 2016. (Source: AltosResearch).

Week of November 14th, 2016 Single Family Homes Condo/Townhouse
Median List Price $772,450 $829,950
Average List Price $1,000,584 $754,535
Average Days on Market 158 101
No. of Homes On Market 82 20
Median House Size 3,450 sq ft. 3,410 sq ft.
Market Action Index

36.0 -  Seller's Advantage

33.0 - 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 $772,450. The 158 properties have been on the market for an average of 82 days. The average asking price per square feet is $244. The most expensive single family home is listed at $3,295,000 and the least at $324,900. The median list price in ANDOVER, MA for condo/townhouse this week is $799,900. The 20 properties have been on the market for an average of 101 days. The average asking price per square feet is $276. The most expensive condo is listed at $1,325,000 and the least at $145,000.

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

There are 55 Single Family Homes on the market this week in Andover.

Oct 06, 2017 11:26 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the single family home is 3,264 sq ft in Andover this week.

Oct 06, 2017 11:26 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 42.1.

Oct 06, 2017 11:26 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 $2,450K.

Oct 06, 2017 11:26 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 $330K.

Oct 06, 2017 11:26 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 $217/sq ft.

Oct 06, 2017 11:26 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

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

Oct 06, 2017 11:27 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 going up.

Oct 06, 2017 11:27 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 06, 2017 11:27 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 $341K.

Oct 06, 2017 11:27 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 $364K.

Oct 06, 2017 11:27 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 124.

Oct 06, 2017 11:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

There are 20 condo or townhomes on the market this week in Andover.

Oct 06, 2017 11:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median home size of the condo or townhome is 1,984 sq ft in Andover this week.

Oct 06, 2017 11:27 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 66.0.

Oct 06, 2017 11:28 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 $595K.

Oct 06, 2017 11:28 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 $209K.

Oct 06, 2017 11:28 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 $194/sq ft.

Oct 06, 2017 11:28 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

A low number of days on market and low inventory shows Condo or townhomes Market in Andover is really hot.

Oct 06, 2017 11:28 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 going up.

Oct 06, 2017 11:28 PM