Is Addison Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Addison Heights is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Addison Heights was a Neutral Market.

Key Takeaway

Addison Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Addison Heights, IL

How much do homes in Addison Heights, IL cost?

Median Sold Price

$370,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,000(+7.5%)

Key Takeaway

Homes in Addison Heights have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Addison Heights was $370,500 in April 2024, up 7.5% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$101K
N/A
2 $275K$323K
+17.5%
3 $353.5K$380K
+7.5%
4 $394K$385K
-2.3%
5+ $445K$900K
+102.2%

Summary: Addison Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 102.2%.

Median Sold Price Compared To Nearby Neighborhoods

Addison Heights
+7.5%
Dunning
+7.3%
Northwest Side
+3.7%

Housing Supply in Addison Heights, IL

How many homes are available in Addison Heights, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
78+14.3%

Summary: The Addison Heights real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 46
+50.0%
4 21
-50.0%
5+ 01
+100.0%

Summary: The Addison Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Addison Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Addison Heights in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Addison Heights, IL

How long does it take to sell a home in Addison Heights, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days68 Days+223.8%

Summary: Homes in Addison Heights had an average of 68 days on market in Apr 2024, up by 223.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Addison Heights has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Addison Heights; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Addison Heights, IL

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