Real Estate Market Update for Andover, MN
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 12% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 230-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Andover, MN
Area Information for Andover, MN
  • Population: 31,149
  • Median Age: 36.3 yr
  • Median Commute Time: 29.83 mins
  • Educational Climate*: 4
  • Sales Tax: 7.125%
  • Population Density: 919/sq mi
  • Population Change Since 2000: 16.98%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Minnesota School Of Business
  • Closest Jr. College: Anoka-ramsey Community College
  • Median Household Income: $89,987
  • Annual Residential Turnover: 13.45%
  • Median Years in Residence: 4.64 yr
  • Median Home Sales Price: $205,000
  • Closest Major Sports Team: Vikings
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Andover, MN
Median Age: 36.3 Married: 41% Number of Households: 9,938 Households with Children: 4,776
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Andover, MN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Rum River Elementary School 1.2 mi Public PRESCHOOL-5 4-5 5
      Oak View Middle School 2.7 mi Public 6-8 4 4
      Andover Elementary School 3.0 mi Public K-5 4-5 4
      Andover Senior High School 3.1 mi Public 9-12 4-5 4
      Anoka Senior High School 3.7 mi Public 9-12 3-5 4
      Bridges 3.7 mi Public 12-12 0 0
      Ramsey Elementary School 3.7 mi Public K-5 3-5 5
      Legacy Christian Academy 3.7 mi Private PRESCHOOL-12 0 4
      Crooked Lake Elementary School 3.8 mi Public K-5 4 4
      Wilson Elementary School 4.1 mi Public K-5 3 4
      Anoka Adventist Christian School 4.7 mi Private 1-8 0 5
      Step Ahead High School 5.2 mi Public 9-12 0 0
      Secondary Technical Educ. Prog. 5.2 mi Public 11-12 2 0
      St. Stephen School 5.5 mi Catholic PRESCHOOL-8 0 5
      Franklin Elementary School 5.5 mi Public K-5 2-5 5
      Pact Charter Secondary 5.6 mi Public 7-12 4 5
      Pact Charter School 5.6 mi Public K-12 3-5 5
      Mt Olive Christian Early Childhood Center 5.6 mi Private PRESCHOOL-K 0 0
      Anoka Middle School For The Arts 5.9 mi Public 6-8 3-5 4
      Lincoln Elementary Entary 6.0 mi Public K-5 2-5 3
      Mckinley Elementary School 6.0 mi Public K-5 4-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Andover, MN
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.