Andover, NJ Foreclosures
How much do homes sell for in Andover, NJ?
The average home price is currently $576,358.
In Andover, NJ, how many homes are available?
There are currently 22 active home listings available in Andover.
What’s the average rental cost in Andover, NJ?
The average rental price in Andover is $2,112.
What is the most expensive home in Andover?
The most expensive home sold in Andover had a price of $4,868,000.
What is currently the cheapest priced home in Andover, NJ?
The cheapest home for sale in Andover is priced at $14,819.
Living in Andover, NJ
Andover, NJ, is a quaint town in Sussex County known for its picturesque scenery and close-knit community. With ample outdoor activities and excellent educational institutions, it offers a perfect blend of rural charm and modern conveniences. This area is ideal for families and those seeking a tranquil lifestyle without sacrificing access to urban amenities.
Current Market Conditions in Andover, NJ
The real estate market in Andover is currently experiencing a stable growth trend, with homes appreciating steadily over the last few years. This small town attracts buyers looking for affordable properties with character, and the market is favorable for both sellers and buyers. The inventory of homes is balanced, making it an ideal time for investment as demand remains strong in this desirable area.
The past month has seen an increase in home listings, suggesting that more homeowners are ready to enter the market. This influx is likely due to the growing interest in Andover, particularly from families seeking a balance between city access and suburban calm. However, competitive bidding remains common, especially for well-kept homes, indicating the strength of the market despite the increased listings.
Home Value Estimator For Andover, NJ
There are currently 2,016 real estate properties
in Andover, NJ,
with a median automated valuation model (AVM) price
of $531,505.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Andover, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Andover, NJ,
is $576,358.00, with the most expensive house
in Andover, NJ, topping out
at $4,868,000.00 and the cheapest home
in Andover, NJ,
clocking in at $14,819.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Andover, NJ!
Rent Prices
In Andover, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Andover, NJ, is on
a rollercoaster ride. The
average rent price in Andover, NJ,
is $2,112.00. Indeed, when looking to rent in
Andover, NJ, you can expect to pay as little
as $1,200.00 or as much
as $4,350.00,
with the average rent median estimated to
be $2,040.00. The good news is that finding
an affordable and desirable property to rent in Andover, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
