Addison, IL real estate

Living in Addison

About Addison

Addison is a DuPage County community with a population of 35,489 residents. The area is divided into 7 distinct neighborhoods, providing different residential settings for prospective homeowners. Local points of interest include the Addison Historical Museum, which serves as a recognized community landmark.

Travel times place you within driving distance of several major regional destinations across the metropolitan area. A drive to Oak Brook covers 8.8 miles and takes 22 minutes by car. Traveling to O'Hare International Airport requires a drive of 12.4 miles, which takes 28 minutes. Commuters heading to The Loop face a 22.5-mile drive that takes 65 minutes.

These travel times make the 7 neighborhoods suitable for buyers who commute by car to surrounding employment centers. You can explore the market section below to review current home prices, property values, and active residential listings.

Is Addison a good place to live?

Addison is a DuPage County village of 35,489 residents on 9.8 square miles, according to the U.S. Census Bureau. Whether it suits your plans comes down to cost, housing, and travel, and the Census figures speak to each one.

Start with cost. The median home value is $341,300 in the Census Bureau ACS 5-year estimate. The median rent is $1,245 a month. Those figures give you a clear baseline for weighing a purchase against renting.

Next is the housing. The median home in Addison was built in 1972. Many homes you tour will date from the 1970s or later, so budget for the updates an older home may need.

Travel is the last fact. The average commute for Addison workers is 26 minutes, per the same Census estimate. The village counts 12,832 households in a compact area. If those costs, home ages, and travel times match what you need, Addison is worth a closer look.

Addison at a glance

Addison is a DuPage County village covering 9.8 square miles, with 35,489 residents in 12,832 households. The table beside this text sets out the census basics, from the median home value of $341,300 to a typical housing stock built around 1972. Use it as a quick reference before you read the chapters on prices, travel, and homes.

Homes and neighborhoods in Addison

Addison's housing stock splits into distinct pockets, and the era of construction is the quickest way to tell them apart. Citywide, 44.5% of homes date from 1970 through 1999 and 42.7% from 1940 through 1969. Only 8.3% were built in the 2000s, and 2.3% predate 1940.

Friars Cove has the most varied mix. Homes were built mostly in the 1960s (25%) and the 1970s (23%), and 15% are from the 2000s. Single-family detached homes make up 56%, while multi-unit buildings account for 42%, so you will see both house lots and apartment or condominium buildings.

Kings Point leans toward the 1970s, with 53% of homes from that decade and 14% from the 1960s. Detached homes are 49%, multi-unit buildings 44%, and attached homes 8%. That makes it the place to look if you want an attached home or a unit in a larger building.

Foxdale and Farmwood are the 1980s neighborhoods. In Foxdale, 40% of homes were built in the 1980s and 22% in the 1970s, and 95% are single-family detached. In Farmwood, 56% date from the 1980s, with 92% detached and 8% in multi-unit buildings.

Eastwood, The Highlands, and Westview are also named parts of Addison, and each has its own page for a closer look.

The Addison housing market

The Addison market moved up over the past 12 months. The median sale price reached $419,800 in the latest month, up from $399,000 eleven months earlier. That is a rise of 5.2% across the year of data.

Homes took a little longer to sell. The median time on market was 47 days in the latest month, compared with 44 days eleven months earlier. Sellers received 99.8% of list price in the latest month, down slightly from 100.3% at the start of the series.

Supply edged up while sales eased. There were 33 new listings and 26 homes sold in the latest month, against 30 new listings and 29 sales eleven months earlier. More listings and fewer sales give you a bit more choice and a bit more room to negotiate.

The full Addison market report tracks each of the 12 months, so you can see how the series moved between these two points.

Housing stock

Single-family detached homes form the majority of residential inventory in Addison, accounting for 57.2% of all homes. Multi-unit buildings represent 35.7% of the housing options across the village. You will also find single-family attached residences at 6.9%, alongside manufactured and other structures at 0.1%.

Most residential construction in the community dates from the middle to late twentieth century. Homes built between 1970 and 1999 make up 44.5% of the total stock. Residences constructed from 1940 to 1969 account for 42.7% of homes. Earlier builds from before 1940 represent 2.3% of Addison properties. Properties constructed between 2000 and 2009 comprise 8.3%, and homes built in 2010 or later make up the remaining 2.2%.

Schools serving Addison

You will find several public school districts serving residential addresses in Addison. Elementary districts covering prekindergarten through eighth grade include Addison School District 4, Bensenville School District 2, Bloomingdale School District 13, and Itasca School District 10. High school districts serving grades nine through 12 include DuPage High School District 88, Fenton Community High School District 100, and Glenbard Township High School District 87. Elmhurst School District 205 provides unified schooling for grades prekindergarten through 12.

For postsecondary education, Chamberlain University - Addison is located in the municipality.

Getting around

Drivers traveling from Addison can reach Oak Brook in 22 minutes across an 8.8-mile trip. Reaching O'Hare International Airport by car takes 28 minutes and covers 12.4 miles. A drive into The Loop spans 22.5 miles and takes 65 minutes.

Public transit trips take longer to reach each of these three regional destinations. Taking transit to Oak Brook requires 152 minutes and covers a distance of 31.4 miles. Riding public transit to The Loop spans 44.6 miles and takes 160 minutes. Transit travel to O'Hare International Airport covers 41.9 miles and requires 174 minutes.

Things to do in Addison

Addison provides a variety of outdoor destinations where you can walk, exercise, and enjoy open space. You can visit Community Park, Centennial Park, and Highview Park for local park amenities throughout the community. The Army Trail Nature Center offers another outdoor setting to spend quiet time in nature. If you travel on foot or by bicycle, you can navigate the Salt Creek Greenway Trail. Links and Tees Golf Club gives you a dedicated outdoor venue for practicing your swing and playing golf.

Community spaces and entertainment options give you places to gather and relax throughout the week. The Addison Public Library serves as a central hub where you can borrow books, use study areas, and access services. For movie screenings and current releases, you can catch a film at Marcus Addison Cinema. These destinations offer indoor activities when you want recreation outside of the parks.

You can handle everyday errands and retail shopping at centers located across the village. Centennial Plaza features a collection of retail storefronts and service destinations for your regular routines. You can also visit Addison Green Meadows Shopping to find additional stores, merchandise, and commercial conveniences. Having these retail properties in town keeps shopping trips direct and simple without requiring extensive travel.

Working in Addison

The Pampered Chef operates as a major employer in Addison. The company maintains its corporate headquarters and campus within the village. You will find workplace opportunities based directly at this local site. Having this employer in town allows you to explore careers near local residential areas. The Pampered Chef campus remains an established center for business in Addison. This corporate presence gives you convenient access to jobs close to home.

Pros and cons of living in Addison

Pros. Addison sits close to major job and travel hubs. Oak Brook is a 22-minute drive covering 8.8 miles, and O'Hare International Airport is 28 minutes away by car. The average commute reported by the census is 26 minutes. The median home value of $341,300 and median rent of $1,245 give a clear baseline for budgeting. Inventory is growing, with 33 new listings in the latest month against 30 eleven months earlier.

Cons. Driving to the Loop takes 65 minutes for 22.5 miles, so a daily trip downtown by car is a long one. Prices are climbing, with the median sale price rising from $399,000 to $419,800 over the year of data. Much of the housing stock is older, with a median year built of 1972, so updates and inspections deserve attention. Homes sold in a median of 47 days in the latest month, and sales slipped to 26 from 29.

Sources: Redfin; U.S. Census Bureau ACS 5-year; U.S. Census Bureau TIGER.