The North Andover, Massachusetts, real estate market showed a significant year-over-year surge in sales for both single-family homes and condominiums in March 2026, according to the Massachusetts Association of Realtors.
The surge in sales was compared to extremely low sales in March 2025. The March 2026 single-family median price drop was not a reliable indicator of pricing trends, as only two houses were sold in March 2025. Single-family home prices through March 2026 showed healthy growth. Sales and median prices in the first quarter were better indicators of housing trends in North Andover.
Closed Sales: Transaction volume rose as home buyers purchased 11 houses in March, up nine from the two transactions recorded in March last year.
Inventory of Homes for Sale: Available housing remained constrained for prospective buyers, as the number of single-family homes on the market fell by one unit to 11.
Months Supply of Inventory: There was about three weeks of supply in March, approximately the same as in March 2026.
Percent of Original List Price Received: Home buyers paid, on average, 95 percent of the original list price in March, down from 96 percent the prior year.
Median Sales Price: $882,000, up from $744,500, a nearly 19 percent increase from the same three-month period in 2025.
Closed Sales: Home buyers purchased 24 houses, a 60 percent increase from 15 in Q1 2025.
Percent of Original List Price Received: Home buyers paid, on average, 97 percent of the original list price during the first three months of 2025, down from nearly 100 percent through March last year.
Median Sales Price: $448,750, up by $29,750, a 7 percent increase from $419,000 in March 2025.
Closed Sales: In March, 10 units sold, up from five, a 100 percent increase compared to March 2025.
Inventory of Homes for Sale: There were 13 available houses in March, up by five units from seven units the year before.
Months Supply of Inventory: Condominium supply rose to slightly over one month, up from about three weeks in March 2025.
Percent of Original List Price Received: North Andover condo buyers experienced slightly less competition at the start of 2026. They paid, on average, 98 percent of the original list price, down from about 101 percent.
Median Sales Price: $412,000, up 10 percent from $374,500 during the same three-month period in 2025.
Closed Sales: Through March, there were 21 condo sales, one more than in March 2025.
Percent of Original List Price Received: Sellers received, on average, 98 percent of the original list price, down from 101 percent during Q1 2025.
Bottom Line: The North Andover real estate market remained active, but low inventory made buying a home difficult. Condo buyers saw slightly less competition, which is in line with many other cities and towns.
Pro Tip: When closed sales are few, tracking price per square foot across similarly-sized homes might provide better guidance on pricing trends.