Sussex County Real Estate Market Analysis
Median Price
$395,000
Days on Market
32
days avg
Inventory
2.8 months
months
Market Trend
Strong
Andover NJ Real Estate demonstrates steady growth and stability in Sussex County, with median home prices at $395,000 reflecting a 5.8% increase year-over-year. This consistent appreciation highlights the area's appeal as a peaceful residential community that offers excellent value compared to neighboring markets, making it particularly attractive to first-time buyers and families seeking affordable housing options.
The market's performance is supported by Andover's unique combination of rural charm and accessibility. Located just 40 miles from New York City, the town provides an ideal balance for commuters who desire a tranquil lifestyle without sacrificing convenience. With homes selling in an average of 32 days, the market shows healthy demand while maintaining reasonable inventory levels at 2.8 months.
Current economic factors contributing to Andover's market strength include low unemployment in the region, continued remote work flexibility, and the area's reputation for excellent schools and low crime rates. These fundamentals suggest sustained growth potential, positioning Andover as a smart choice for long-term real estate investment.
Get personalized guidance based on the latest market data and trends. Whether you're buying, selling, or investing in Sussex County, I provide the expertise to help you succeed.
Current Andover real estate conditions and performance metrics
Median Sale Price
$395,000
Average sale price for single-family homes
Days on Market
32
Average time to sell a home
Active Listings
28
Current homes available for sale
Homes Sold
24
Total sales in last 30 days
Andover real estate trends and market composition analysis
Andover demonstrates strong market fundamentals with consistent price appreciation and healthy sales activity. The balanced inventory levels indicate a stable market environment with opportunities for both buyers and sellers.
Explore distinct neighborhoods across Andover with unique characteristics and market dynamics
Historic downtown area featuring Victorian homes with modern updates. Walkable community with local shops and services.
Avg Price
$365,000
Days on Market
28
Price Range
$280K - $450K
Monthly Sales
8
Waterfront properties with lake access and recreational opportunities. Peaceful setting with scenic views and outdoor activities.
Avg Price
$420,000
Days on Market
35
Price Range
$350K - $520K
Monthly Sales
6
Rural countryside living with larger lots and modern homes. Privacy and space with convenient access to amenities.
Avg Price
$380,000
Days on Market
30
Price Range
$320K - $480K
Monthly Sales
12
Properties along scenic trail offering active outdoor lifestyle. Wooded lots with access to biking and hiking paths.
Avg Price
$410,000
Days on Market
33
Price Range
$340K - $500K
Monthly Sales
5
4
Active Neighborhoods
$393,750
Avg Area Price
32
Avg Days Listed
31
Total Monthly Sales
Each neighborhood in Andover offers unique advantages and lifestyle options. Let me help you discover the perfect match for your needs and preferences.
Get Neighborhood GuideWe would be delighted to assist you with your luxury real estate needs.
Phone
908.334.0971
ctowey@weichert.com
Office
1625 NJ-10 East, Morris Plains, NJ 07950
I'm dedicated to providing you with personalized service for all your real estate needs in Hackettstown, Andover, Byram, Blairstown, Chester, and Washington.
Let Cheryl Towey guide you through New Jersey's premier real estate market with expertise, dedication, and personalized service
250+
Homes Sold
10+
Years Experience
5.0
Client Rating