$5,877 Closing Credit*
$494,900
2,455 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Freeman Real Estate
Is Andover Township, MN 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, 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
$451,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,500(+3.8%)
Key Takeaway
Homes in Andover Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Andover Township was $451,500 in November 2024, up 3.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183K | -1.1% |
| 2 Bedrooms | $325K | $367.5K | +13.1% |
| 3 Bedrooms | $388.4K | $390K | 0.4% |
| 4 Bedrooms | $441.7K | $475K | +7.5% |
| 5+ Bedrooms | $562.5K | $551K | -2.0% |
Summary: Andover Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Crookston | $175K | $182K | +4.0% |
| Andover Township | $435K | $451.5K | +3.8% |
Housing Supply in Andover Township, MN
How many homes are available in Andover Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 169 | 178 | +5.3% |
Summary: The Andover Township real estate market had 178 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 66 | 74 | +12.1% |
| 4 Bedrooms | 71 | 72 | +1.4% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Andover Township 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 40%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 31 | -26.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 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. 35.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Andover Township in November 2024, down by 26.2% month-over-month. Of the 31 sold homes, 35% were sold under asking, 32% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +7.9% |
Summary: Homes in Andover Township had an average of 31 days on market in Nov 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 31 homes were sold in Andover Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
