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Featured local agent — Andover, MN
Sarah Mitchell
Compass Real Estate · Andover, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Andover, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$449,499median sale price
How is the Andover, MN housing market right now?
The median home sale price in Andover, MN is $449,499, down 0.4% year-over-year. Homes sell in an average of 28 days with 96 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Andover a buyer's or seller's market?
Andover, MN is currently a balanced market, based on 4.0 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
28
Average pace
Active listings
96
4.0 months supply
Sale-to-list
99.9%
Below asking
What does the Andover housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $449,499 |
| Median list price | $475,000 |
| Year-over-year price change | -0.4% |
| Average days on market | 28 days |
| Active inventory | 96 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 80 |
| Listings with a price cut | 35.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Andover by property type?
How the Andover, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $458,997 | $191/sq ft | 21 | 22 days |
| Condo / Co-op | $208,000 | $252/sq ft | 1 | 88 days |
| Townhouse | $390,000 | $169/sq ft | 3 | 88 days |
Source: Redfin · Updated monthly
The Andover housing market is currently classified as a balanced market with a median sale price of $449,499. Prices have fallen 0.4% compared to last year, with homes spending an average of 28 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Andover
There are currently 96 homes listed for sale in Andover, Minnesota. The median listing price is $475K.
Active listings
96
Homes on market
Median list price
$475K
Avg. days on market
28
Days until sale
New this week
80
Newly listed
Who lives in Andover?
Population
32,825
Median income
$131,528/yr
Median age
39.4 years
Owner-occupied
93.8%
College grads
37.7%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Andover?
Zillow home value
$450,343
Zillow rent index
$2,748/mo
Price-to-rent ratio
13.7x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Andover?
Andover is a community of approximately 33K residents with a median age of 39.4 years.The median household income is $131,528, which reflects a relatively affluent area with strong earning potential. 37.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Andover offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Andover?
6 schools tracked · 5,658 students
The largest public schools serving Andover, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Andover High School
Grades 9-12 · 1,796 students
OAK VIEW MIDDLE
Grades 6-8 · 1,272 students
ANDOVER ELEMENTARY
Grades K-5 · 1,203 students
RUM RIVER ELEMENTARY
Grades K-5 · 851 students
CROOKED LAKE ELEMENTARY
Grades K-5 · 459 students
BRIDGES
Grades 12 · 77 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Andover, MN?
Want a head-to-head view? Compare Andover side-by-side with any other U.S. city using our market-comparison tool.
Is Andover a good real estate investment market?
For investors evaluating Andover, the price-to-rent ratio of 13.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Andover's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Andover's median home price.
Frequently asked questions
What is the average home price in Andover?
The median home sale price in Andover is $449,499, down 0.4% from last year.
How long do homes stay on market in Andover?
Homes typically spend 28 days on market before going under contract.
What is the median income in Andover?
The median household income is $131,528 per year.
Is Andover a buyer's or seller's market?
With 4.0 months of supply, Andover is currently a balanced market.
What is the Zillow home value estimate for Andover?
The Zillow Home Value Index (ZHVI) for Andover is $450,343, representing the typical home value in the area.
What is the median condo price in Andover?
The median condo/co-op sale price in Andover, MN is $208,000, compared to $458,997 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Andover?
The median single-family home price in Andover, MN is $458,997 (about $191 per square foot).
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