Michael Lane Area, IL Housing Market

Homes for sale

The Michael Lane Area housing market is somewhat competitive. The median sale price of a home in Michael Lane Area was $372K last month, up 17.9% since last year. The median sale price per square foot in Michael Lane Area is $322, up 5.7% since last year.

Trends
Demand
Schools
Climate

Michael Lane Area Housing Market Trends

What is the housing market like in Michael Lane Area today?

$372K

Sale Price

+17.9%
since last year

$322

Sale $/Sq. Ft.

+5.7%
since last year

Over List Price

0.9%

Days on Market

52.5

Down Payment

15.0%

Total Homes Sold

To compare other locations to the Michael Lane Area and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Addison add value to a home.

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How hot is the Michael Lane Area housing market?

Michael Lane Area is somewhat competitive. Homes sell in 52.5 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 53 days.
Hot homes
can sell for about 6% above list price and go pending in around 31 days.

Compare With Nearby Neighborhoods

Golden Corridor

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 49 days.
Hot homes
can sell for about 2% above list price and go pending in around 35 days.

See more nearby cities and neighborhoods

View houses in Michael Lane Area that sold recently

Recently sold homes

SOLD DEC 11, 2024
$150,000 Last Sold Price
1 bed
1 bath
700 sq ft
235 N Mill Rd Unit 311B, Addison, IL 60101
List Price
$159,900
Sale to List
6% under list
Days on Market
32 days
235 N Mill Rd Unit 311B, Addison, IL 60101
SOLD DEC 11, 2024
$160,000 Last Sold Price
1 bed
1 bath
679 sq ft
615 N Briar Hill Ln #1, Addison, IL 60101
List Price
$165,000
Sale to List
3% under list
Days on Market
78 days
615 N Briar Hill Ln #1, Addison, IL 60101
SOLD DEC 6, 2024
3D WALKTHROUGH
$359,000 Last Sold Price
3 beds
1 bath
1,166 sq ft
740 W Beach Dr, Addison, IL 60101
List Price
$359,000
Sale to List
0% over list
Days on Market
29 days
740 W Beach Dr, Addison, IL 60101
SOLD DEC 5, 2024
$407,711 Last Sold Price
2 beds
2 baths
1,524 sq ft
307 Masters Dr, Addison, IL 60101
List Price
$384,900
Sale to List
6% over list
Days on Market
11 days
307 Masters Dr, Addison, IL 60101
SOLD DEC 3, 2024
$701,500 Last Sold Price
8 beds
4 baths
—sq ft
431 E Green Oaks Ct, Addison, IL 60101
List Price
$640,000
Sale to List
10% over list
Days on Market
39 days
431 E Green Oaks Ct, Addison, IL 60101
SOLD NOV 20, 2024
$367,000 Last Sold Price
5 beds
2 baths
—sq ft
932 N Neva Ave, Addison, IL 60101
List Price
$379,000
Sale to List
3% under list
Days on Market
40 days
932 N Neva Ave, Addison, IL 60101
SOLD NOV 7, 2024
$360,000 Last Sold Price
3 beds
2 baths
1,029 sq ft
943 N Sumner St, Addison, IL 60101
List Price
$365,000
Sale to List
1% under list
Days on Market
64 days
943 N Sumner St, Addison, IL 60101
SOLD NOV 6, 2024
$376,000 Last Sold Price
3 beds
2 baths
1,125 sq ft
906 N Grant St, Addison, IL 60101
List Price
$359,900
Sale to List
4% over list
Days on Market
44 days
906 N Grant St, Addison, IL 60101
See all recently sold homes in Michael Lane Area.
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Schools in Michael Lane Area

Learn about schools in the Michael Lane Area area

Elementary
Middle
High

GreatSchools Rating

3/10 Lincoln Elementary School Public • K-5	313 Students	2 reviews
2/10 Army Trail Elementary School Public • K-5	303 Students	6 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Michael Lane Area housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Michael Lane Area.

Provided by First Street Foundation

More real estate resources for Michael Lane Area

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