What's the Average Home Price in North Andover?

How expensive is it to buy a home in North Andover compared to other communities?

A new report by Coldwell Banker ranking average home costs has North Andover as 49th in the state, out of 116 markets statewide.

The average price of a home in North Andover is $511,250, according to this year's edition of Coldwell Banker's national Home Listing Report.

The Massachusetts community with the highest average home price was Weston, at $1,105,692. The community with the lowest average home price was Springfield, at $136,405.

This year’s report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012, according to Coldwell Banker.

With state-by-state comparison Massachusetts ranked second in the nation, with an average home price of $489,063. Hawaii ranked number one, with an average home price of $742,551.

Here's a list of nearby communities in Massachusetts and how they rank statewide.