The median price of homes in North Andover, Massachusetts increased in the first half of 2011 while sales decreased, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.
The median price of single-family homes increased 2.3 percent in the first half of 2011 compared to the previous year, a difference of $11,100. Single-family home sales in North Andover, MA decreased 8.8 percent in the first six months of 2011, a difference of eight sales compared to the previous year.
In January through June 2011, the median price of condos jumped 30.1 percent, or $52,900 compared to the first half of 2010. Condominium sales fell 3.9 percent, a difference of just two sales.
The median price of multi-family homes fell 13 percent in the first half of 2011 compared to the previous year, a difference of $39,000. Sales of multi-family homes in North Andover were up 33.3 percent in the first six months of 2011; however, that was a difference of only one sale compared to the same six-month period in 2010.
North Andover, Massachusetts Real Estate Market Report
Sales / Median Price
Jan.-June 2010 – 91 / $473,900
Jan.-June 2011 – 83 / $485,000
Jan.-June 2010 – 51 / $176,000
Jan.-June 2011 – 49/ $228,900
Jan.-June 2010 – 3 / $300,500
Jan.-June 2011 – 4 / $261,500
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