$10,000 Closing Credit*
$1,050,000
5,119 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is Andover Township, MN 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, Andover Township has remained a Seller's Market.
Key Takeaway
Andover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Andover Township, MN
How much do homes in Andover Township, MN cost?
Median Sold Price
$450,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,826(+3.9%)
Key Takeaway
Homes in Andover Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Andover Township was $450,000 in October 2024, up 3.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $183K | -0.5% |
| 2 Bedrooms | $321K | $380K | +18.4% |
| 3 Bedrooms | $390K | $384.5K | -1.4% |
| 4 Bedrooms | $436.8K | $476.2K | +9.0% |
| 5+ Bedrooms | $558K | $550K | -1.4% |
Summary: Andover Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Fairfax Township | $141.2K | $153.2K | +8.5% |
| Andover Township | $433.1K | $450K | +3.9% |
| Crookston | $175K | $168K | -4.0% |
Housing Supply in Andover Township, MN
How many homes are available in Andover Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 185 | 203 | +9.7% |
Summary: The Andover Township real estate market had 203 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 64 | 77 | +20.3% |
| 4 Bedrooms | 77 | 88 | +14.3% |
| 5+ Bedrooms | 38 | 30 | -21.1% |
Summary: The Andover Township 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 40%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Andover Township, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Andover Township in October 2024, down by 7.1% month-over-month. Of the 39 sold homes, 49% were sold under asking, 31% were sold at asking, and 21% were sold over asking.
Days on Market for Andover Township, MN
How long does it take to sell a home in Andover Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 35 Days | +23.7% |
Summary: Homes in Andover Township had an average of 35 days on market in Oct 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Andover Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Andover Township; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
