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Foreclosure Homes in Andover, MN

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Andover, MN Foreclosures

Current Market Conditions in in Andover, MN As of March 2026?
Over the past month, the real estate market in Andover, MN, has experienced a slight uptick in home sales as buyer interest continues to grow. Inventory remains relatively low, which has led to an increase in home values. Recent statistics indicate a 3% rise in median home prices compared to the previous month, highlighting the area's appeal amidst ongoing demand. New listings have entered the market, but many properties are still selling quickly, often above asking price, reflecting a competitive environment.
How much do homes sell for in Andover, MN?
The average home price is currently $510,433.
In Andover, MN, how many homes are available?
There are currently 57 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 $22,874,305.
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, Minnesota, offers a perfect blend of suburban tranquility and accessibility to urban amenities. With great schools, extensive parks, and a strong sense of community, it's an ideal place for families and individuals seeking a peaceful environment. The city is well-developed, ensuring a high quality of life for its residents.

Buyer vs Seller Market in Andover, MN

The current real estate market in Andover shows signs of steady growth, with an increasing demand for homes in the area. Homebuyers are particularly attracted to the variety of housing options, from single-family homes to townhouses, appealing to diverse budgets and preferences. The low unemployment rate and excellent school systems contribute to the attractiveness of the area.

Exploring recent trends, the market has seen a rise in new constructions as developers recognize Andover's potential. Properties tend to receive multiple offers, indicating a competitive climate. The increasing value of homes suggests a strong investment opportunity for buyers and existing homeowners looking to upgrade.

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 $467,896.00. 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 $510,433.00, with the most expensive house in Andover, MN, topping out at $22,874,305.00 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 Foreclosures

Market Trend for Andover, MN

Total Listings Available: 57

Market Values:

Home Prices from $30,828 to $22,874,305

Average Sales Price: $510,433

Rental Values:

Rental from $940 to $4,450

Average Rent Value: $1,922 / month

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