$1,069 Closing Credit*
$90,000
954 SqFt
2 Beds
•1 Full Bath
Clorice L Dlugos, Listing Office: McDowell Homes Real Estate Services
Is Andover, OH 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 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, OH
How much do homes in Andover, OH cost?
Median Sold Price
$155,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,450(-6.3%)
Key Takeaway
Homes in Andover have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Andover was $155,000 in October 2024, down 6.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.7K | - | N/A |
| 2 Bedrooms | $145K | $112.5K | -22.4% |
| 3 Bedrooms | $176.7K | $150K | -15.1% |
| 4 Bedrooms | $140.9K | $277.5K | +96.9% |
| 5+ Bedrooms | $125K | $175K | +40.0% |
Summary: Andover housing prices by bedroom type for October 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 15.1%, 4 bedroom homes increased by 96.9%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| Andover | $165.4K | $155K | -6.3% |
| Andover Township | $165.4K | $155K | -6.3% |
Housing Supply in Andover, OH
How many homes are available in Andover, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Andover real estate market had 16 homes for sale in October 2024, a 11.1% decrease 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Andover 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Andover, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Andover in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 57 Days | +18.8% |
Summary: Homes in Andover had an average of 57 days on market in Oct 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Andover are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Andover; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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