$4,619 Closing Credit*
$389,000
792 SqFt
1 Bed
•1 Full Bath
#73319567, Adele Faso, Listing Office: eXp Realty
Is North Andover, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$722,450
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,450(+3.2%)
Key Takeaway
Homes in North Andover have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in North Andover was $722,450 in November 2024, up 3.2% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $256.4K | +2.6% |
| 2 Bedrooms | $430.5K | $425K | -1.3% |
| 3 Bedrooms | $672.5K | $648.2K | -3.6% |
| 4 Bedrooms | $932.5K | $980K | +5.1% |
| 5+ Bedrooms | $1.1M | $890K | -19.8% |
Summary: North Andover housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $487K | $555K | +14.0% |
| Methuen Town | $525K | $575K | +9.5% |
| Methuen | $525K | $575K | +9.5% |
| North Andover | $700K | $722.4K | +3.2% |
| Boxford | $925K | $925K | 0.0% |
Housing Supply in North Andover, MA
How many homes are available in North Andover, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 51 | -37.0% |
Summary: The North Andover real estate market had 51 homes for sale in November 2024, a 37.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 22 | 14 | -36.4% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 27 | 12 | -55.6% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The North Andover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 22 | -35.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Andover, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in North Andover in November 2024, down by 35.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +58.4% |
Summary: Homes in North Andover had an average of 34 days on market in Nov 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 22 homes were sold in North Andover; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
