$100,000
7.80 Acres
Land
Debby J Best, Listing Office: Keller Williams Greater Cleveland Northeast
Is Andover Township, 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 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, OH
How much do homes in Andover Township, 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 Township have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Andover Township 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 Township 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 Township | $165.4K | $155K | -6.3% |
| Andover | $165.4K | $155K | -6.3% |
Housing Supply in Andover Township, OH
How many homes are available in Andover Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Andover Township 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 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 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Andover Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 57 Days | +18.8% |
Summary: Homes in Andover Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Andover Township; 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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