What Is the Average Home Price in Andover Massachusetts Right Now in September 2026

The median sold price in Andover, Massachusetts is approximately $875,000 in September 2026. That figure reflects closed sales over the trailing 30 to 60 days and represents a market that has remained resilient even as other parts of Greater Boston have seen more volatility. Andover has consistently commanded a premium relative to surrounding towns in Essex County, and that pattern has continued through 2026.

For a broader picture, you can track live data on the Andover, MA housing market page on Redfin, which updates frequently and shows median price, days on market, and sale-to-list ratios in near real time. Cross-referencing that data with what you see locally is always a smart move.

Median Sold Price

The median sold price of roughly $875,000 means half of all homes that closed in Andover recently sold above that number and half sold below it. It is a more useful benchmark than the average because a handful of high-end sales near the Shawsheen River estates or on the larger lots off Salem Street do not skew it the way they would an arithmetic average. When people ask what the average home price in Andover Massachusetts is right now in September 2026, the median is the figure that most accurately reflects what a typical buyer pays.

Average vs. Median: Why Both Numbers Matter

The average (mean) sold price in Andover currently runs somewhat higher, in the range of $950,000 to $1,000,000, pulled upward by the town's inventory of larger colonial and custom-built homes on multi-acre lots. If you are budgeting for a move to Andover, the median is your anchor. The average tells you that luxury inventory is active and that the upper end of the market is transacting, which is useful context for sellers who own larger properties.

Price Per Square Foot

Price per square foot is currently running between $380 and $430 for single-family homes in Andover, depending on location within town, lot size, and condition. A renovated colonial near the Andover town center or within walking distance of the MBTA commuter rail station at Railroad Street will sit toward the top of that range. Older homes on larger lots further from the center, such as those in the West Parish or Ballardvale neighborhoods, often come in closer to the lower end of the per-square-foot range while still carrying strong absolute prices due to lot value.

2. How Andover Home Prices Break Down by Property Type

Andover's housing stock is diverse enough that the single median figure does not tell the whole story. The town has a strong core of large single-family colonials and Capes built between the 1950s and 1990s, a growing condominium segment concentrated near the town center and along Route 28, and a smaller supply of multi-family properties. Each segment has its own price dynamics in September 2026.

Single-Family Homes

Single-family homes make up the largest share of transactions in Andover and account for most of the price data cited above. Entry-level single-family homes, typically smaller Capes or older ranches in need of updating, are trading in the $600,000 to $700,000 range. Move-in-ready colonials with three or four bedrooms and two-car garages, which represent the core of Andover's inventory, are generally priced from $800,000 to $1,100,000. Custom or newer construction on large lots, particularly in areas like Harold Parker Road or off Lowell Street, can reach $1,500,000 and beyond.

Condominiums and Townhomes

The condominium market in Andover offers a more accessible price point for buyers who want to be in town without the maintenance demands of a larger property. Condos and townhomes in Andover are currently selling in a range of roughly $350,000 to $650,000, with units in well-maintained complexes near the town center or close to the commuter rail commanding the upper end of that spectrum. Developments along North Main Street and near Brickstone Square have been particularly active. Andover's condo inventory remains tight, which has kept prices firm even as buyer demand in that segment has grown.

Multi-Family Properties

Multi-family properties in Andover are relatively rare compared to neighboring Lawrence or Methuen, but they do come to market periodically, particularly in the Ballardvale village area and along some of the older streets near the town center. When they do appear, two-family homes are generally priced from $700,000 to $900,000, reflecting both the land value and the income potential. Buyers looking at multi-family properties in Andover are often weighing them against similar inventory in North Andover, where prices can run slightly lower for comparable structures.

3. What Is Driving Andover Home Prices Right Now

Several converging forces are keeping Andover home prices elevated in September 2026. Understanding these factors helps both buyers and sellers make sense of why the numbers are where they are, rather than treating the market as a black box.

Inventory and Demand

Active inventory in Andover remains below what would be considered a balanced market. In September 2026, the town typically has fewer than 80 to 100 single-family homes listed at any given time, a figure that has not meaningfully recovered to pre-2020 levels. Sellers who bought years ago are often reluctant to give up low mortgage rates locked in before 2022, which keeps supply constrained. The result is that well-priced homes in good condition continue to attract multiple offers, particularly in the $700,000 to $950,000 range where demand is most concentrated.

Interest Rate Environment in Fall 2026

Mortgage rates in September 2026 are in the mid-to-upper 6% range for a 30-year fixed loan, which is meaningfully lower than the peaks seen in 2023 but still elevated compared to the historic lows of 2020 and 2021. This rate environment has moderated buyer purchasing power somewhat, but Andover continues to attract buyers with strong household incomes and, in many cases, significant equity from prior homes. The rate environment has not deflated prices in Andover the way it has in some other markets; it has primarily slowed the pace of transactions rather than the price level.

Andover's Location and Commuter Appeal

Andover sits roughly 25 miles north of Boston along Interstate 93 and Route 28, and the MBTA Haverhill Line commuter rail makes a direct run into North Station in under an hour. That commuter infrastructure is a consistent price support. Buyers who work in Boston, Cambridge, or the Route 128 technology corridor see Andover as a practical option, not just an aspirational one. The town's proximity to Lawrence General Hospital, Raytheon's Andover campus, and the broader Merrimack Valley employment base also draws buyers who want to live close to where they work.

Andover's physical character reinforces its appeal. The town center along Main Street has a genuine New England village feel, anchored by the Andover Town Hall, the Memorial Hall Library, and Phillips Academy, one of the oldest independent secondary schools in the country. Recreational assets like Harold Parker State Forest (3,000 acres of trails, ponds, and campgrounds) and the Merrimack River Greenway give residents outdoor access that many comparable towns in the region cannot match.

4. How Andover Home Prices Have Shifted Over the Past Year

Comparing September 2026 prices to September 2025 gives a cleaner read on direction than month-to-month fluctuations, which can be noisy in a market with relatively low transaction volume.

Year-Over-Year Price Change

Andover's median sold price has appreciated approximately 4% to 6% year over year, measured from September 2025 to September 2026. That pace of appreciation is more moderate than the double-digit gains seen in 2021 and 2022, but it is steady and reflects a market that has found a durable floor rather than a speculative peak. For sellers, that means equity has continued to build. For buyers, it means waiting has not been rewarded with lower prices.

You can track this trend line directly on Zillow's Andover, MA home values page, which shows the Zestimate index going back several years. It is a useful reference for context, though it should be paired with actual closed-sale data for the most accurate picture.

Days on Market

The median days on market in Andover in September 2026 is running between 18 and 28 days for single-family homes, which is slightly longer than the 10 to 14 day pace seen during the peak of 2021 and 2022. The slight lengthening of market time reflects buyers being more selective at current price levels, not a softening of values. Homes that are well-priced and properly prepared still go under agreement quickly, often within the first two weekends. Overpriced listings are sitting longer and, in some cases, requiring price reductions before they find a buyer.

Sale-to-List Price Ratio

The sale-to-list price ratio in Andover is currently hovering around 100% to 102%, meaning most homes are selling at or slightly above their asking price. This is a meaningful indicator of market health. A ratio consistently above 100% tells you that sellers retain pricing power and that buyers are competing for well-positioned inventory. It also signals to buyers that submitting offers below list price on desirable homes is unlikely to succeed in the current environment.

5. What Buyers and Sellers Should Know Right Now

Understanding the average home price in Andover Massachusetts in September 2026 is useful, but knowing how to act on that information is what matters most. The market conditions described above have specific, practical implications depending on which side of the transaction you are on.

Advice for Buyers Entering the Market

Get pre-approved before you tour homes, not after. In a market where well-priced Andover homes are going under agreement within days, showing up without financing in place puts you at a serious disadvantage. Work with a lender who can issue a full credit-approved pre-approval, not just a pre-qualification letter. When you find the right property, you want to be able to move the same weekend.

Set a realistic budget anchored to the actual price ranges described above, not to what you hoped the market might be. If your target is a three-bedroom colonial in move-in condition in Andover, budget $800,000 to $1,000,000 and be prepared for the possibility of going above list price. If that range does not align with your financing, the condo segment or the entry-level single-family inventory in the $600,000s may be the right starting point. For a deeper look at what is available by price range and neighborhood, the guide to homes for sale in Andover, MA covers the current inventory landscape in detail.

Advice for Sellers Pricing Their Home

The Andover market rewards accurate pricing more than it rewards aggressive overpricing. With days on market in the 18 to 28 day range and a sale-to-list ratio near 101%, homes that are priced correctly are selling at or above list. Homes that are priced 5% to 8% above comparable sales are sitting, accumulating days on market, and often ending up with a price reduction that signals weakness to buyers. A well-prepared comparative market analysis, grounded in actual closed sales from the past 60 to 90 days, is the most reliable tool for setting a price that generates competition.

Presentation still matters in September 2026. Buyers at these price levels have options and they notice condition. Professional photography, a clean and decluttered interior, and addressing obvious deferred maintenance before listing will consistently net more money than the cost of those preparations. Sellers who invest in light staging and pre-listing inspections tend to see smoother transactions with fewer surprises during the buyer's due diligence period.

Relocating to Andover: Setting a Realistic Budget

If you are relocating to Andover from out of state or from a market with lower price points, the numbers here can feel like a significant adjustment. The median of roughly $875,000 is real, and it reflects a town with strong infrastructure, a walkable center, direct rail access to Boston, and a large inventory of well-maintained homes on generous lots. Understanding what drives that price helps you evaluate whether the trade-offs make sense for your household. Andover's property tax rate is approximately $12 to $13 per thousand dollars of assessed value, which translates to roughly $10,000 to $12,000 per year on a home assessed at $875,000, a figure worth factoring into your total housing cost calculation.

Relocating buyers often find it helpful to compare Andover to nearby towns like North Andover, Boxford, and Tewksbury, each of which offers different price points and different distances to the commuter rail and highway access. Andover generally carries a premium over North Andover and Tewksbury, with Boxford running comparable or slightly lower depending on the property. The right choice depends on your commute, your space requirements, and your budget, not on any single market statistic.