Is Andover, IL 61233 a buyer’s or seller’s market?
Andover is a seller’s market. With about 1.6 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Andover housing market right now
In the three months ending August 31, 2026, 50% of homes in Andover, IL 61233 sold above their list price, the typical home went under contract in 24 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price rose 9% to $207,410. Overall, Andover is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in 64% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Lynn Center 61262 (0% sold over asking) or Atkinson 61235 (0% sold over asking), while Alpha 61413 (67% sold over asking) is even more competitive.
Run the numbers for 61233
Nearby markets
Alpha 61413Seller’s market $104 /sq ftAnnawan 61234Seller’s market $92 /sq ftAtkinson 61235Seller’s market $67 /sq ftCambridge 61238Balanced $106 /sq ft Browse all markets →Where Andover is
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Questions about Andover real estate
Is Andover a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Andover, IL 61233 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Andover?
The typical home went under contract in 24 days in the latest three months.
Do homes in Andover sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Andover?
About 1.99% of a home’s value a year in Henry County, or roughly $7,960 on a $400,000 home.
What is the median home price in Andover?
The median sale price was $207,410 in the three months ending August 31, 2026, about $91 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology