Real Estate Market Report for Addison, Texas: January 2020
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 30, and last month there were 34. Of the 30, 19 are pre-owned and 11 are new construction. Currently for sale, there are:
- 8 single family homes (ranging in price from $302,000 - $1,150,000)
- No half-duplexes
- 14 condos ($159,000 – $549,900)
- 8 townhomes ($349,000 - $499,900)
Fifteen of the 30 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.
The average number of days on the market for the “active” status, pre-owned homes is 51 days as compared to 82 last month). The median number of days on the market is 15 days, compared to last month’s 67 days.
New listings in January
Twenty three homes came on the market in Addison, TX in January, compared to 7 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
2/1/2020 |
CONDOS |
|
|
|
|
|
Meridian Square Condos |
Meridian Ln. |
3/3/2 |
2214 |
$549,900 |
Pending |
Townhomes of District A |
Quorum Dr. |
2/2.1/2 |
1845 |
$325,000 |
Active |
Townhomes of District A |
Morris Ave. |
2/2.1/2 |
1982 |
$359,000 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
2/1.1/0 |
978 |
$159,000 |
Active |
HALF DUPLEXES |
|
|
|
|
|
Midway Meadows |
Morman Lane |
3/2/2 |
1738 |
$289,800 |
Option |
TOWNHOUSES |
|
|
|
|
|
Addison Grove |
Runyon Rd. |
2/2.1/2 |
1380 |
$345,000 |
Active |
Addison Grove |
Runyon Rd. |
3/3.1/2 |
2440 |
$523,900 |
Pending |
Addison Grove |
Runyon Rd. |
2/2.1/2 |
1344 |
$370,000 |
Active |
Addison Grove |
Oak St. |
3/3.1/2 |
2153 |
$449,900 |
Active |
Asbury Circle |
Asbury Lane |
3/3.1/2 |
2317 |
$412,000 |
Active |
Town Homes of Addison |
Oberlin Way |
3/2.1/2 |
1884 |
$369,000 |
Active |
Towne Lake |
Towne Lake |
3/2.1/2 |
2521 |
$465,000 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Bellbrook Estates |
Bellbrook Dr. |
3/3.1/3 |
4589 |
$1,150,000 |
Active |
Chatham Court |
Chancey St. |
3/3/2 |
2131 |
$350,000 |
Active |
Grand Addison |
Camelot Court |
3/2.1/2 |
2406 |
$439,000 |
Active |
Grand Addison |
Woodshadow |
4/3/2 |
2941 |
$369,900 |
Active |
Grand Addison |
Princeton Ct. |
3/2/2 |
1574 |
$350,000 |
Active |
Midway Meadows |
Le Grande |
3/2/2 |
2917 |
$454,000 |
Option |
Midway Meadows |
Winter Park Ln. |
3/2/2 |
1501 |
$302,000 |
Active |
Oaks North |
Oaks North Pl. |
3/3/2 |
3026 |
$575,000 |
Active |
Oaks North |
Buckingham |
3/3/2 |
2338 |
$499,000 |
Option |
Waterford |
Canot |
3/2.1/2 |
2015 |
$337,000 |
Option |
Waterford |
Ridgelake |
5/2.1/2 |
2899 |
$570,000 |
Option |
Search for Addison real estate:
If you are looking for an Addison home, use the following link to see what’s available now. Once you've done your online search, give me a call to discuss the purchasing process and buyer representation. You're on your way to owning an Addison home.
Search Addison Homes for Sale (after clicking, scroll down for results)
Properties Scheduled to Close
There are 15 sales in the pending status (waiting to close), as compared to 10 last month. Eight of the 15 properties are incomplete new construction.
January Sales
Six Addison homes sold/closed in January; 15 closed the prior month. Homes that sold include 3 single family homes, 1 townhouse, and 2 condos. The median number of days on the market was 34 days, and last month the median was 24. The average number of days on the market was 56 days. The range in January for the previously owned homes was 23 day to 160 days. The average price per square foot of all previously owned homes that sold is $186.05, up from the $182.62 average the prior month. The average list price to sold price ratio is 96.9%, a decrease from last month’s 97.9%. There are still price reductions and offers accepted below full price, with few, if any, multiple offer situations.
It’s always a GREAT time to buy or sell a home in Addison!
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
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