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

Housing Market Conditions



Gauge showing Addison Township is a seller's market


Difference Since November 2022

Since last year, Addison Township has remained a Seller's Market.

Key Takeaway

Addison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Addison Township, IL

How much do homes in Addison Township, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Addison Township have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Addison Township was $333,428 in November 2023, up 2.7% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $117K$125.7K
2 $222K$245K
3 $319K$335K
4 $436.6K$460K
5+ $505K$565.5K

Summary: Addison Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Cities

Addison Township
Wood Dale

Housing Supply in Addison Township, IL

How many homes are available in Addison Township, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Addison Township real estate market had 215 homes for sale in November 2023, a 0.5% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 66
2 4644
3 10499
4 4549
5+ 1517

Summary: The Addison Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Addison Township, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Addison Township in November 2023, up by 4.3% month-over-month. Of the 73 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.

Days on Market for Addison Township, IL

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

Average Sale Time

Nov 2022Nov 2023CHANGE
36 Days19 Days-46.8%

Summary: Homes in Addison Township had an average of 19 days on market in Nov 2023, down by 46.8% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Addison Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 73 homes were sold in Addison Township; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% 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 3 Days Ago

Newest Listings in Addison Township, IL

Nearby Markets to Addison Township, IL

What housing markets are near Addison Township, IL?