Home Sales Drop, Prices Increase In North Andover

NORTH ANDOVER, MA — Home sales in North Andover were down last year while prices increased, reflecting conditions across the state, according to a study from The Warren Group.

In 2023, sales in North Andover were down 22.5 percent. In 2022, 246 single-family homes were sold, but in 2023, only 194 homes were sold.

The median sale price of a single-family home jumped 14.5 percent, from $707,500 to $810,000, according to the Warren Group. This was also in line with the trend across the state as prices increased last year.

Across Massachusetts, single-family homes dropped to a 12-year low in 2023. Limited inventory combined with high prices and high interest rates all combined to make a tough real estate market for buyers.

Check out the full study from The Warren Group.

See related: MA Home Sales Reached A New Low In 2023 While Prices Soared