Is Andover, MN 55304 a buyer’s or seller’s market?

The Andover housing market right now

In the three months ending August 31, 2026, 37% of homes in Andover, MN 55304 sold above their list price, the typical home went under contract in 25 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 258 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 34%, homes sold more slowly (22 days then) and the median sale price fell 4% to $484,790. Overall, Andover is about as competitive as it was a year ago.

Within Anoka County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Andover ranks #92 of 296 MN ZIP codes with enough sales (score 76 out of 100).

Nearby, buyers who want less competition could look at Forest Lake 55025 (24% sold over asking) or Minneapolis 55449 (25% sold over asking), while Minneapolis 55434 (50% sold over asking) and Minneapolis 55433 (49% sold over asking) are even more competitive.