2026 kicks off with fresh data for Andover, NJ: See the January 2026 housing update.
Jump into the new year with a data-driven look at the Andover, NJ housing market. January 2026 brings a refreshed market landscape ready for buyers and sellers to explore. Did you know inventory now sits at just 21 homes in Andover, NJ? For those seeking affordable homes in Andover, NJ this January 2026, competition is tangible, and acting early matters.
Key Market Trends in Andover, NJ
A total of 12 new listings entered the market for January 2026. This new inventory adds variety, but with a median sale price of $415,000 and a quick 28 days on market average, opportunities do not last long. The average list-to-sale price ratio hovers at 98.5 percent, so buyers should expect little room for lowball offers. Sellers, pricing realistically is crucial for capturing ready demand in Andover, NJ this month.
How to sell your house fast in Andover, NJ has become a hot topic, especially since 9 properties (43 percent) have adjusted their pricing to stay competitive. This shift highlights the importance of market awareness and flexibility when listing your home.
January 2026’s Most Active Segments
Single-family homes command the stage with 91 percent of closed sales, while condos and townhomes play a smaller role. The $400,000 to $500,000 price tier draws the highest demand, accounting for 44 percent of transactions. Why does this matter? It identifies the sweet spot for both new listings and buyers targeting that price bracket.
- Median Sale Price: $415,000
- Inventory: 21 listings
- Average Days on Market: 28
- Price Reductions: 43 percent of listings
- Dominant Property Type: Single-family homes (91 percent of sales)
Financing & Market Conditions in January 2026
Among buyers, 73 percent used conventional loans and 15 percent paid cash, hinting that strong offers are common and pre-approvals are essential. The price per square foot rose to $242, up 2 percent year-over-year, confirming continued value resilience for sellers in Andover, NJ.
Absorption Rate Signals and Seller Advantages
With an absorption rate of 1.4 months (the time needed to sell all inventory at the current pace), Andover, NJ maintains its tight seller’s market. Only three homes expired or were withdrawn recently, showing high closing reliability. These figures answer the question: is it a good time to buy in Andover, NJ? The data strongly supports confident decisions for both buyers and sellers in this market.
Rental Landscape and Investor Note for January 2026
Rental options remain very limited. The average single-family rental listed this month stood at $2,450. While comprehensive rental summaries are not available, this benchmark is useful for referencing current lease rates for similar properties in the area.
Your Next Address Starts Here
Speak with Denise Hoebee about timing, pricing, and neighborhoods that fit your goals this January 2026. Responsive conversations can make a difference for your next move in Andover, NJ.
Why January 2026 in Andover, NJ Adds Value
For buyers, the clear focus on the $400,000 to $500,000 range and the rapid sales cycle means defining your search early pays off. Sellers will find that accurate pricing and solid home preparation are key, as competitive offers dominate. How to sell your house fast in Andover, NJ and affordable homes in Andover, NJ this January 2026 are topics that will keep gaining traction as inventory stays lean through winter. January 2026 brings actionable insight for anyone with real estate goals in the market.