Comprehensive market data and analysis• Updated Oct 2026
141.0 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 | 2 | 3 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 4 | 8 |
Acreage buckets
The median price for land in Andover, Minnesota is currently $77K per acre. For a typical parcel, the median sale price is $193K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $128K while premium lots reached $381K.
Andover, Minnesota is currently a strong buyer's market with 141.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Andover, Minnesota currently has 141.0 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 0.7% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Results.
Land in Andover, Minnesota typically sells within 103 days of listing. The median time on market is 72 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 47 active listings in Andover, Minnesota. 4 new listings have hit the market in the last 90 days. The median asking price is $245K.
The 3-month absorption rate in Andover, Minnesota is 0.7%. The 12-month rate is 1.4%. 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Andover on LandyDandy.
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