Is Addison Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$344,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Addison Township was $344,000 in March 2024, up 5.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $130K | +8.3% |
2 Bedrooms | $232.5K | $250K | +7.5% |
3 Bedrooms | $320.5K | $346.5K | +8.1% |
4 Bedrooms | $432K | $477.5K | +10.5% |
5+ Bedrooms | $499K | $575K | +15.2% |
Summary: Addison Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
Addison | $316.2K | $348.7K | +10.3% |
Addison Township | $324.8K | $344K | +5.9% |
Itasca | $365K | $385K | +5.5% |
Bensenville | $282.1K | $289.9K | +2.8% |
Wood Dale | $310K | $315K | +1.6% |
Housing Supply in Addison Township, IL
How many homes are available in Addison Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
164 | 204 | +24.4% |
Summary: The Addison Township real estate market had 204 homes for sale in March 2024, a 24.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 28 | 36 | +28.6% |
3 Bedrooms | 80 | 102 | +27.5% |
4 Bedrooms | 35 | 43 | +22.9% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Addison Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 51 | +37.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Addison Township in March 2024, up by 37.8% month-over-month. Of the 51 sold homes, 49% were sold under asking, 8% were sold at asking, and 43% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 30 Days | +28.9% |
Summary: Homes in Addison Township had an average of 30 days on market in Mar 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in Addison Township; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.