$5,341 Closing Credit*
$449,800
3 Beds
•2 Full Baths
Listing Office: SIGNATURE REALTY NJ
Is Andover, NJ 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 has remained a Seller's Market.
Key Takeaway
Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Andover, NJ
How much do homes in Andover, NJ cost?
Median Sold Price
$536,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$115,500(+27.4%)
Key Takeaway
Homes in Andover have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Andover was $536,500 in November 2024, up 27.4% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210.9K | N/A |
| 2 Bedrooms | $310K | $330K | +6.5% |
| 3 Bedrooms | $389K | $435.9K | +12.1% |
| 4 Bedrooms | $525K | $617.5K | +17.6% |
| 5+ Bedrooms | $620.5K | $890K | +43.4% |
Summary: Andover housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 43.4%.
Median Sold Price Compared To Nearby Cities
| Andover | $421K | $536.5K | +27.4% |
| Byram Township | $447K | $483.2K | +8.1% |
| Andover Township | $420K | $440.9K | +5.0% |
Housing Supply in Andover, NJ
How many homes are available in Andover, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Andover real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Andover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Andover, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Andover in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Andover, NJ
We’re sorry, we don't have information for this market at the moment
