Addison, IL Housing Market
The Addison housing market is very competitive. Homes in Addison receive 5 offers on average and sell in around 41 days. The median sale price of a home in Addison was $362K last month, up 1.4% since last year. The median sale price per square foot in Addison is $216, up 1.6% since last year.
Addison Housing Market Trends
In March 2024, Addison home prices were up 1.4% compared to last year, selling for a median price of $362K. On average, homes in Addison sell after 41 days on the market compared to 57 days last year. There were 15 homes sold in March this year, down from 16 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Addison housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 41 days.
- Hot homescan sell for about 4% above list price and go pending in around 29 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 37 days.
- Hot homescan sell for about 4% above list price and go pending in around 27 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 62 days.
- Hot homescan sell for about 1% above list price and go pending in around 35 days.
Addison Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Addison from outside metros.
- New York homebuyers searched to move into Addison more than any other metro followed by St. Louis and San Francisco.
- 86% of Addison homebuyers searched to stay within the Addison metropolitan area.
- Cape Coral was the most popular destination among Addison homebuyers followed by Sarasota and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 1,636 | ||
2 | 658 | ||
3 | 587 | ||
4 | 406 | ||
5 | 355 | ||
6 | 290 | ||
7 | 132 | ||
8 | 128 | ||
9 | 38 | ||
10 | 32 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,272 | ||
2 | 1,425 | ||
3 | 1,310 | ||
4 | 1,309 | ||
5 | 1,270 | ||
6 | 1,127 | ||
7 | 901 | ||
8 | 786 | ||
9 | 743 | ||
10 | 734 |
Home offer insights for Addison
Recent offers
- Offer Not Accepted|10 Weeks Ago~$350K OfferSold for $350K3 bd | 3 ba | ~2,000 sqftOver List Price0%Days on Market37Competing Offers3Down Payment~20%
- Offer Not Accepted|11 Weeks Ago~$375K OfferSold for $375K3 bd | 2 ba | ~1,750 sqftOver List Price0%Days on Market51Competing Offers5Down Payment—
- Offer Not Accepted|12 Weeks Ago~$375K OfferSold for $375K3 bd | 2 ba | ~1,500 sqftUnder List Price6%Days on Market146Competing Offers1Down Payment<10%
View houses in Addison that sold recently
Recently sold homes
- $352,000 Last Sold Price4 beds2.5 baths1,845 sq ft2N120 Edgewood Ave, Lombard, IL 60148List Price$356,000Sale to List1% under listDays on Market69 days2N120 Edgewood Ave, Lombard, IL 60148
- $325,000 Last Sold Price3 beds1.5 baths1,064 sq ft443 W Moreland Ave, Addison, IL 60101List Price$335,000Sale to List3% under listDays on Market46 days443 W Moreland Ave, Addison, IL 60101
- $450,000 Last Sold Price3 beds2.5 baths2,600 sq ft17w364 Red Oak Ave, Addison, IL 60101List Price$449,500Sale to List0% over listDays on Market20 days17w364 Red Oak Ave, Addison, IL 60101
- $300,000 Last Sold Price3 beds1 bath1,080 sq ft257 E Normandy Dr, Addison, IL 60101List Price$290,000Sale to List3% over listDays on Market36 days257 E Normandy Dr, Addison, IL 60101
- $400,000 Last Sold Price4 beds2 baths1,200 sq ft661 W Saint Aubin Dr, Addison, IL 60101List Price$375,000Sale to List7% over listDays on Market42 days661 W Saint Aubin Dr, Addison, IL 60101
- $150,000 Last Sold Price2 beds1 bath—sq ft307 W Dale Dr Unit 3B, Addison, IL 60101List Price$149,900Sale to List0% over listDays on Market132 days307 W Dale Dr Unit 3B, Addison, IL 60101
- $360,000 Last Sold Price3 beds2 baths1,029 sq ft807 N Lincoln St, Addison, IL 60101List Price$369,900Sale to List3% under listDays on Market44 days807 N Lincoln St, Addison, IL 60101
- $510,000 Last Sold Price4 beds2.5 baths3,222 sq ft511 N Ellsworth Ave, Addison, IL 60101List Price$539,900Sale to List6% under listDays on Market171 days511 N Ellsworth Ave, Addison, IL 60101
See all recently sold homes in Addison.
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Schools in Addison
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Stone Elementary School Public • K-5 | 456 Students | 5 reviews |
5/10 Lake Park Elementary School Public • K-5 | 276 Students | 5 reviews |
5/10 Wesley Elementary School Public • K-5 | 231 Students | 1 reviews |
5/10 Fullerton Elementary School Public • K-5 | 528 Students | 6 reviews |
5/10 Lincoln Elementary School Public • K-5 | 340 Students | 2 reviews |
Climate's impact on Addison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Addison.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Addison
Walk Score®
Bike Score®
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