Single-family home sales increased in July in North Andover, Massachusetts, with the median house price rising $49,000 year-over-year, and supply tightened, according to data compiled by the Massachusetts Association of Realtors (MAR).
The median price of a single-family home rose 5 percent to $975,000 from $926,000 in July 2024.
North Andover inventory shrank in July, with the number of available houses declining by three to 26. The number of months of supply dropped to about six weeks, down from slightly over two months in July 2024. There were 23 new listings in July, one fewer than in the same month the previous year.
In July, sellers still received, on average, more than the original listing price for single-family homes. Home buyers paid approximately 103 percent of the original listing price compared to 104 percent in July 2024.
Through July, the single-family market has shown strength in North Andover. The median price rose 8 percent to $944,500 from $875,000 during the same seven-month period in 2024. Sellers received approximately 104 percent of the original listing price from January through July in both 2024 and 2025.
Closed sales soared, up 25 percent to 114 houses sold through July compared to 91 the prior year. New listings increased to 156, a 20 percent rise.
The North Andover condominium market moved in the opposite direction in July and through the first seven months of 2025, according to MAR.
The median condo price dropped 6 percent to $399,950, from $424,950 in July, and closed sales fell to eight, a 60 percent plunge from 20 units sold. On the other hand, pending sales increased by 400 percent from four to 20.
Inventory expanded to 18 units, a 64 percent increase, and the number of months of supply rose to 1.7 months from 1.1 months, representing a 55 percent increase. The number of new listings increased from nine to 16.
January through July: The median condo price was $412,500, down 4 percent from $428,500, and closed sales totaled 62, down 24 percent from 82 during the first seven months of 2024. Condominium sellers received 102 percent of the original listing price, and new listings increased by one to 93.
Bottom line: July delivered a tale of two markets in North Andover. There was robust single-family demand amid tightening supply and softer condo pricing, with growing inventory; however, both segments still rewarded sellers with over-asking outcomes.