Comprehensive market data and analysis• Updated Dec 2025
30.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | 2 | 2 | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 3 | 4 |
Acreage buckets
The median price for land in Andover, Minnesota is currently $36K per acre. For a typical parcel, the median sale price is $245K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $120K while premium lots reached $336K.
Andover, Minnesota is currently a strong buyer's market with 30.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Andover, Minnesota currently has 30.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Andover, Minnesota is 3.3% (3-month basis), indicating slow demand. The top-performing broker in this market is On Point Realty, Inc..
Land in Andover, Minnesota typically sells within 179 days of listing. The median time on market is 226 days. Properties are moving slowly in the current strong buyer's market.
There are currently 30 active listings in Andover, Minnesota. 15 new listings have hit the market in the last 90 days. The median asking price is $254K.
The 3-month absorption rate in Andover, Minnesota is 3.3%. The 12-month rate is 1.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
