Is Andover, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Andover is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Andover was a Seller's Market.

Key Takeaway

Andover is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Andover, CT

How much do homes in Andover, CT cost?

Median Sold Price

$460,000

$202/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$50,000(+12.2%)

Key Takeaway

Homes in Andover have sold for 12.2% more than they did a month ago.

Summary: The median home sold price in Andover was $460,000 in November 2024, up 12.2% from last month, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $300K-
N/A
2 --
N/A
3 $425K$460K
+8.2%
4 $487.5K-
N/A
5+ --
N/A

Summary: Andover housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Andover, CT

How many homes are available in Andover, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
137-46.2%

Summary: The Andover real estate market had 7 homes for sale in November 2024, a 46.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 01
+100.0%
3 94
-55.6%
4 31
-66.7%
5+ 01
+100.0%

Summary: The Andover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 55.6%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
81-87.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Andover, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Andover in November 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Andover, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Andover, CT

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