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Minnesota State Wire

Wednesday, November 6, 2024

Andover median home prices rose by 9.4% in the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Andover rose by $30,000 while total sales decreased by 6.9%, according to BlockShopper.com.

From July through December of 2020, there were 162 homes sold, with a median sale price of $350,000 - a 9.4% increase over the $320,000 median sale price for the same period of the previous year. There were 174 homes sold in Andover in the second half of 2019.

The median sales tax in Andover for the most recent year with available data, 2019, was $3,086, approximately 0.9% of the median home sale price for the second half of 2020.

The following table compares Andover to other Anoka County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Ham Lake52520%$387,450$353,0009.8%
Nowthen15147.1%$378,000$398,000-5%
Columbus1621-23.8%$358,200$349,9002.4%
Andover162174-6.9%$350,000$320,0009.4%
Lino Lakes746513.8%$344,000$290,00018.6%
Oak Grove4042-4.8%$342,500$330,0003.8%
Martin Lake48-50%$322,450$228,50041.1%
Linwood191711.8%$320,000$370,000-13.5%
East Bethel4260-30%$309,500$270,25014.5%
Ramsey136140-2.9%$300,000$279,2007.4%
Blaine321336-4.5%$295,000$267,00010.5%

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