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Short Sale Listings in Andover, MN 55303

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Living in Andover, MN

Andover, MN, is a vibrant suburb known for its family-friendly environment, well-rated schools, and abundant parks and recreational activities. It offers a mixture of suburban charm and convenient access to urban amenities, making it an attractive location for homebuyers. The community’s dedication to recreational spaces and quality education enhances its appeal as a place to live.

Current Market Conditions in Andover, MN

The Andover real estate market remains robust, with steady demand for single-family homes. The area has seen a rise in new construction, catering to the influx of families moving into the community. The combination of affordable housing options and excellent school districts continues to attract buyers, resulting in competitive bidding situations in many neighborhoods.

Homes in Andover are typically appreciating in value, driven by the low inventory levels and high demand. The market is favorable for sellers, with many homes receiving multiple offers shortly after listing.

Home Value Estimator For Andover, MN

There are currently 5,677 real estate properties in Andover, MN, with a median automated valuation model (AVM) price of $475,691.00. 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, MN, 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, MN, is $500,422.00, with the most expensive house in Andover, MN, topping out at $3,950,000.00 and the cheapest home in Andover, MN, clocking in at $30,828.00. In other words, there’s something for every potential homebuyer or savvy investor in Andover, MN!

Rent Prices In Andover, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Andover, MN, is on a rollercoaster ride. The average rent price in Andover, MN, is $1,922.00. Indeed, when looking to rent in Andover, MN, you can expect to pay as little as $940.00 or as much as $4,450.00, with the average rent median estimated to be $1,900.00. The good news is that finding an affordable and desirable property to rent in Andover, MN -- 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.

Andover, MN 55303 Short Sale Listings

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