Is Addison Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$350,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Addison Township was $350,000 in April 2024, up 7.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $130K | +8.3% |
2 Bedrooms | $235K | $251K | +6.8% |
3 Bedrooms | $320.4K | $350K | +9.2% |
4 Bedrooms | $428.5K | $485K | +13.2% |
5+ Bedrooms | $493.5K | $575K | +16.5% |
Summary: Addison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
Addison | $323.8K | $353K | +9.0% |
Addison Township | $324.9K | $350K | +7.7% |
Bensenville | $282.1K | $295K | +4.6% |
Wood Dale | $310K | $323.7K | +4.4% |
Itasca | $370K | $385K | +4.1% |
Housing Supply in Addison Township, IL
How many homes are available in Addison Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
195 | 222 | +13.8% |
Summary: The Addison Township real estate market had 222 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 34 | 48 | +41.2% |
3 Bedrooms | 94 | 98 | +4.3% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Addison Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 62 | +12.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Addison Township in April 2024, up by 12.7% month-over-month. Of the 62 sold homes, 39% were sold under asking, 18% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -4.1% |
Summary: Homes in Addison Township had an average of 23 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Addison Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.