$5,164 Closing Credit*
$434,900
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS INTEGRITY
Is Andover Township, NJ 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, NJ
How much do homes in Andover Township, NJ cost?
Median Sold Price
$440,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.8%)
Key Takeaway
Homes in Andover Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Andover Township was $440,000 in October 2024, up 4.8% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $230K | +22.7% |
| 2 Bedrooms | $292.4K | $318.5K | +8.9% |
| 3 Bedrooms | $395K | $424.9K | +7.6% |
| 4 Bedrooms | $535K | $617.5K | +15.4% |
| 5+ Bedrooms | $612.5K | $865K | +41.2% |
Summary: Andover Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 41.2%.
Housing Supply in Andover Township, NJ
How many homes are available in Andover Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Andover Township real estate market had 55 homes for sale in October 2024, a 19.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 33.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Andover Township, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Andover Township in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Andover Township, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
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