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Preforeclosure Homes in Andover, MN 55304

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Andover, MN Foreclosures

Current Market Conditions in in Andover, MN As of February 2026?
In the past month, Andover's real estate market has seen slight fluctuations in inventory, with a small uptick in active listings. However, demand remains strong, with many homes still receiving multiple offers. The average home price has remained stable compared to the previous month, indicating a resilient market despite seasonal changes.
How much do homes sell for in Andover, MN?
The average home price is currently $511,806.
In Andover, MN, how many homes are available?
There are currently 20 active home listings available in Andover.
What’s the average rental cost in Andover, MN?
The average rental price in Andover is $1,922.
What is the most expensive home in Andover?
The most expensive home sold in Andover had a price of $22,863,579.
What is currently the cheapest priced home in Andover, MN?
The cheapest home for sale in Andover is priced at $30,828.

Living in Andover, MN

Andover is a beautiful suburb of Minneapolis known for its suburban charm and vibrant community life. With plenty of parks and recreational opportunities, it is perfect for families and active individuals. The area features excellent schools and easy access to major highways, making it ideal for commuters.

Buyer vs Seller Market in Andover, MN

Andover's real estate market is currently competitive, with a mix of single-family homes, townhouses, and new developments catering to a range of buyers. The demand for housing is driven by families seeking quality education options and suburban living, alongside professionals commuting to the Twin Cities. This has resulted in consistent property value increases over recent years, reflecting higher demand and low inventory.

In 2022, Andover experienced a notable rise in home prices, with many properties selling above the asking price within a short time frame. The trend shows no signs of slowing down as more people recognize the benefits of living in the area.

Home Value Estimator For Andover, MN

There are currently 6,439 real estate properties in Andover, MN, with a median automated valuation model (AVM) price of $470,925.00. 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 $511,806.00, with the most expensive house in Andover, MN, topping out at $22,863,579.00 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 55304 Preforeclosure Homes


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