Home Values

Town of Andover Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$551,400

  • 4.1% 1-year change
  • -0.1% 1-year forecast

The median home value in Town of Andover is $551,400. Town of Andover home values have gone up 4.1% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Town of Andover is $237, which is higher than the Boston Metro average of $225. The median price of homes currently listed in Town of Andover is $625,000 while the median price of homes that sold is $572,765. The median rent price in Town of Andover is $1,755, which is lower than the Boston Metro median of $2,195.

Foreclosures will be a factor impacting home values in the next several years. In Town of Andover 0.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Andover is 4.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Andover homeowners underwater on their mortgage is 6.8%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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Town of Andover Market Overview

Data through Oct 31, 2014
  • $551,400 ZHVI
  • -0.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $625,000 Median listing price
  • $572,765 Median sale price (Sep 30, 2014)
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Town of Andover Market Health

Data through Oct 31, 2014
  • 5.5/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 6.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes Town of Andover
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Reading $479,300
North Reading $439,300
North Andover $428,200
Name Median ZHVI
Wilmington $388,000
Billerica $351,400
Tewksbury $323,100
Name Median ZHVI
Methuen $268,500
Dracut $265,700
Lawrence $184,100

Listings & Sales

Data through Oct 31, 2014
  • $237 Median list price / sq ft
  • $220 Median sale price / sq ft (Sep 30, 2014)
  • 52.1% Listings with price cut
17.1%
Sold below listing
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Town of Andover Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,656 Town of Andover
    $2,135 Boston Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,755 Rent list price
  • $1.58 Rent list price / sq ft
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