Andover’s typical home value crossed $1 million this year. Zillow puts it at $1,015,758 as of the end of May, up 2.6% over the past twelve months. A year ago that number sat just under the line. Now it’s over it, and it isn’t coming back down anytime soon.
That’s the estimate. The actual closings back it up. In April, 8 single-family homes sold in Andover for a median of $1.165 million, 12% over their median list price, in a median of 6.5 days. Year to date, the median sale price sits at $1.13 million across 32 closings. Whatever number you use, homes here aren’t flirting with seven figures anymore. They’re clearing it with room to spare.
Compare that to next door. North Andover closed April at a median sale price of $990,000. Same commute, same schools. Still under the line. Andover isn’t expensive because it’s a stretch for the whole region. It’s expensive because it’s the one town that’s actually crossed over.
None of this is happening because inventory dried up. Andover had 19 active listings and 24 homes under agreement as of May 1, a healthier spread than earlier in the year. Buyers have more to look at than they did in January. They’re just paying more for it, and paying fast. Six and a half days to offer in April is not a market cooling off to make room for a bargain.
If you’re selling in Andover, this is close to the best version of the market you’ll get: rising prices, quick offers, and a number that gives you real room when you price the house. If you’re buying, waiting for Andover to slide back under $1 million isn’t a plan. It’s a bet against a year of evidence pointing the other way.
Curious what your Andover home is worth right now? Not a Zestimate, an actual number based on your street, your condition, and what’s closing around you. Call or email me and I’ll put one together.
