$7,600 Closing Credit*
$640,000
2,316 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73312745, Stuart Group Realty, Listing Office: Fiv Realty Co.
Is North Andover, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Andover has remained a Seller's Market.
Key Takeaway
North Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Andover, MA
How much do homes in North Andover, MA cost?
Median Sold Price
$710,833
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,833(+1.5%)
Key Takeaway
Homes in North Andover have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in North Andover was $710,833 in October 2024, up 1.5% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250.5K | $256.4K | +2.4% |
| 2 Bedrooms | $425K | $410.5K | -3.4% |
| 3 Bedrooms | $660K | $649.4K | -1.6% |
| 4 Bedrooms | $935K | $976.1K | +4.4% |
| 5+ Bedrooms | $1.1M | $1.0M | -1.1% |
Summary: North Andover housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $487K | $550K | +12.9% |
| Methuen Town | $523.7K | $572K | +9.2% |
| Methuen | $525K | $571.5K | +8.9% |
| Boxford | $915K | $934K | +2.1% |
| North Andover | $700K | $710.8K | +1.5% |
Housing Supply in North Andover, MA
How many homes are available in North Andover, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The North Andover real estate market had 78 homes for sale in October 2024, a 9.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 23 | 15 | -34.8% |
| 4 Bedrooms | 32 | 27 | -15.6% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The North Andover housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Andover, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in North Andover in October 2024, up by 30.8% month-over-month. Of the 34 sold homes, 32% were sold under asking, 3% were sold at asking, and 65% were sold over asking.
Days on Market for North Andover, MA
How long does it take to sell a home in North Andover, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +49.4% |
Summary: Homes in North Andover had an average of 26 days on market in Oct 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Andover are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in North Andover; 65% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
