Addison Market Report · IL Home Values
Addison, IL holds about 13,266 homes, with a median year built of 1972. Addison is in DuPage County. The median home was built in 1972. The housing mixes single-family detached homes and multi-unit buildings. The Salt Creek Greenway Trail passes through. O'Hare International Airport is about 30 minutes by car.
The Addison median sold price stands at $419,800, up 5.2% over 11 months. 297 homes closed over the period, averaging 99.8% of list price most recently, with a median 47 days on market.
Read the trend, not the single month. Addison pricing follows preparation and seasonality more than it follows rate news, and the spread between prepared and unprepared homes is wider than the median suggests. A street-level read is a different number from the one above, and the table below is where it starts.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Addison by the month
12 months of Addison closings. Each panel is one series; the table carries every figure.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
Twelve months of Addison closings
| Month | Median sold | Closed | New listings | Median days on market | List-to-sale |
|---|---|---|---|---|---|
| 11 months ago | $399,000 | 29 | 30 | 44 | 100.3% |
| 10 months ago | $403,000 | 28 | 26 | 46 | 100.6% |
| 9 months ago | $389,000 | 23 | 22 | 45 | 99.7% |
| 8 months ago | $396,266 | 18 | 17 | 46 | 99.2% |
| 7 months ago | $389,000 | 15 | 19 | 53 | 99% |
| 6 months ago | $380,250 | 17 | 24 | 49 | 99.6% |
| 5 months ago | $365,000 | 22 | 31 | 49 | 100.3% |
| 4 months ago | $380,000 | 24 | 34 | 45 | 100.5% |
| 3 months ago | $404,790 | 30 | 37 | 48 | 101% |
| 2 months ago | $420,000 | 32 | 36 | 45 | 100.4% |
| 1 month ago | $415,000 | 33 | 33 | 48 | 100.4% |
| Latest | $419,800 | 26 | 33 | 47 | 99.8% |
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
What the Addison numbers say
The median Addison home sold for $419,800, up 5.2% from $399,000 eleven months earlier.
The median home spent about seven weeks on the market and homes closed at 99.8% of list price. That is 3 days slower than eleven months earlier.
At the pace of the last three months, the 78 homes on the market in Addison represent about 2.6 months of supply: less than four months, which is the range where prepared homes tend to clear quickly and buyers have little room to wait.
Buyers have room to read a listing's history before writing, and a price that has sat is a price worth asking about. Sellers are getting close to their asking price, which usually means the price was set against recent comparable sales rather than against what neighbors are asking.
Data provided by Redfin, a national real estate brokerage, and the U.S. Census Bureau's American Community Survey.
