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From October through December of 2018, there were 99 homes sold, with a median sale price of $285,000 - a 4.6% increase over the $272,350 median sale price for the same period of the previous year. There were 100 homes sold in Andover in the fourth quarter of 2017.
The median sales tax in Andover for 2018 was $2,942. In 2014, the median sales tax was $2,531. This marks an increase of 16.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Andover to other Anoka County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Linwood | 19 | 14 | 35.7% | $299,900 | $270,250 | 11% |
| Martin Lake | 1 | 2 | -50% | $299,900 | $200,000 | 50% |
| Ham Lake | 47 | 38 | 23.7% | $295,000 | $273,919 | 7.7% |
| Andover | 99 | 100 | -1% | $285,000 | $272,350 | 4.6% |
| Nowthen | 11 | 6 | 83.3% | $280,000 | $320,450 | -12.6% |
| Lino Lakes | 59 | 41 | 43.9% | $280,000 | $286,000 | -2.1% |
| Oak Grove | 22 | 16 | 37.5% | $275,500 | $314,500 | -12.4% |
| Centerville | 10 | 10 | 0% | $266,500 | $243,250 | 9.6% |
| Ramsey | 109 | 79 | 38% | $250,600 | $234,900 | 6.7% |
| East Bethel | 40 | 40 | 0% | $242,500 | $244,175 | -0.7% |
| Blaine | 256 | 154 | 66.2% | $242,500 | $242,450 | 0% |
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