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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Addison Township is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Addison Township, IL cost?

Median Sold Price

$324,566

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,780(+5.1%)

Key Takeaway

Homes in Addison Township have sold for 5.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $97.5K$117K
+20.0%
2 $215K$220K
+2.3%
3 $300.8K$319.9K
+6.4%
4 $405.7K$437.5K
+7.8%
5+ $467K$505K
+8.1%

Median Sold Price Compared To Nearby Cities

Wood Dale
+8.4%
Bensenville
+5.4%
Addison Township
+5.1%
Itasca
+5.0%
Addison
+4.6%

How many homes are available in Addison Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
249233-6.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 88
0.0%
2 4333
-23.3%
3 107107
0.0%
4 7166
-7.0%
5+ 2019
-5.0%

Number of Homes Sold

Oct 2022Nov 2022%
7255-23.6%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 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. 67.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days34 Days+5.7%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 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.

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

About Addison Township, IL

There are 233 homes are for sale in Addison Township, IL real estate market. The number of listings in Addison Township, IL decreased by 6.4% between October 2022 and November 2022. In November 2022 median list price was $324,566 and the average listing age was 34 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 20%, 2 bedrooms properties became 2.3% more expensive, prices of 3 bedrooms properties went up by 6.4%, 4 bedrooms properties became 7.8% more expensive, 5 bedrooms properties became 8.1% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 23.3%, 3 bedrooms homes inventory did not change, volume of 4 bedrooms homes went down by 7%, the quantity of 5 bedrooms homes went down by 5%. Addison Township, IL housing market in November 2022 saw over 9 listings sold above listed price, more than 9 sold at listed price and over 37 sold below.

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