What's the Average Home Price in North Andover?
Massachusetts has been ranked the second most expensive state to buy a home in. How does North Andover stack up?
How expensive is it to buy a home in North Andover compared to other communities?
A new report by Coldwell Banker ranking average home costs has North Andover as 49th in the state, out of 116 markets statewide.
The average price of a home in North Andover is $511,250, according to this year's edition of Coldwell Banker's national Home Listing Report.
The Massachusetts community with the highest average home price was Weston, at $1,105,692. The community with the lowest average home price was Springfield, at $136,405.
This year’s report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012, according to Coldwell Banker.
With state-by-state comparison Massachusetts ranked second in the nation, with an average home price of $489,063. Hawaii ranked number one, with an average home price of $742,551.
Here's a list of nearby communities in Massachusetts and how they rank statewide.
| Rank in Massachusetts | Community | Average Price |
| 1 | Weston | $1,105,692 |
| 6 | Marblehead | $826,208 |
| 9 | Winchester | $777,440 |
| 21 | Andover | $671,743 |
| 24 | Boxford | $645,659 |
| 33 | North Reading |
$577,583 |
| 49 | North Andover |
$511,250 |
| 77 | Peabody | $398,380 |
| 92 | Methuen | $342,768 |
| 102 | Haverhill | $298,741 |
| 107 | Lowell | $242,479 |
Lisa Johnson Sevajian
12:48 pm on Thursday, December 6, 2012
Thank you so much for posting this Patch! I am asked frequently "what are houses going for in town". A few key points to keep in mind are that yes homes ARE selling and yes buyers ARE buying. Though this data is recent it comes from a time that I would have described as a buyers market. Right now in town there are very few homes to choose from giving the seller back some control and some strength for the first time in a few years. An interesting piece may be to show what $500,000 will buy you now compared with what it would have secured for you over the past few years.