Is Addison Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Addison Township has remained a Seller's Market.
Housing Prices in Addison Township, IL
How much do homes in Addison Township, IL cost?
Median Sold Price
$333,428
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
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
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $125.7K | +7.4% |
2 Bedrooms | $222K | $245K | +10.4% |
3 Bedrooms | $319K | $335K | +5.0% |
4 Bedrooms | $436.6K | $460K | +5.3% |
5+ Bedrooms | $505K | $565.5K | +12.0% |
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 | $312.7K | $341K | +9.0% |
Itasca | $345K | $370K | +7.2% |
Addison Township | $324.6K | $333.4K | +2.7% |
Wood Dale | $305K | $306.2K | 0.4% |
Bensenville | $290K | $275K | -5.2% |
Housing Supply in Addison Township, IL
How many homes are available in Addison Township, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
216 | 215 | -0.5% |
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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 46 | 44 | -4.3% |
3 Bedrooms | 104 | 99 | -4.8% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 15 | 17 | +13.3% |
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 2023 | Nov 2023 | CHANGE |
---|---|---|
70 | 73 | +4.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
---|---|---|
36 Days | 19 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
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.