Is Andover, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Andover is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Andover was a Neutral Market.

Key Takeaway

Andover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Andover, OH

How much do homes in Andover, OH cost?

Median Sold Price

$155,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,900(-7.7%)

Key Takeaway

Homes in Andover have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in Andover was $155,000 in November 2024, down 7.7% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $22.5K-
N/A
2 $145K$112.5K
-22.4%
3 $180.8K$148.5K
-17.9%
4 $118.7K$265K
+123.2%
5+ $125K$175K
+40.0%

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 decreased by 22.4%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 123.2%, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Cities

Andover
-7.7%
Andover Township
-7.7%

Housing Supply in Andover, OH

How many homes are available in Andover, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1513-13.3%

Summary: The Andover real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 77
0.0%
3 21
-50.0%
4 32
-33.3%
5+ 22
0.0%

Summary: The Andover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer50%25%25%

Key Takeaway

If you're buying a home in Andover, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Andover in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Andover, OH

How long does it take to sell a home in Andover, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days58 Days+1188.9%

Summary: Homes in Andover had an average of 58 days on market in Nov 2024, up by 1188.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times50%25%25%

Key Takeaway

Avg time on Rocket Homes in Andover has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Andover; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Andover, OH

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