Comprehensive market data and analysis• Updated Dec 2025
15.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 3 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 4 | 9 |
Acreage buckets
The median price for land in Andover, New Jersey is currently $39K per acre. For a typical parcel, the median sale price is $118K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $66K while premium lots reached $288K.
Andover, New Jersey is currently a strong buyer's market with 15.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Andover, New Jersey currently has 15.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 5 active listings in Andover, New Jersey. 2 new listings have hit the market in the last 90 days. The median asking price is $550K.
The current absorption rate in Andover, New Jersey is 6.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Weichert Realtors Corp Hq.
Land in Andover, New Jersey typically sells within 189 days of listing. The median time on market is 159 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in Andover, New Jersey is 6.7%. The 12-month rate is 30.0%. 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.
