Real Estate Market Report for Addison, TX: April 2022
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 11, as compared to 8 last month. Nine are pre-owned and 2 are new construction at Addison Grove. Currently for sale, there are:
- 4 single family homes (ranging in price from $556,000 - $825,000)
- No half-duplexes
- 1 condo ($225,000)
- 6 townhomes ($479,900 - $1,350,000)
Four of the 11 available homes have been on the market for longer than 30 days. In this market, it probably means they are overpriced or are incomplete new construction. Two of theses four available properties are townhomes that are very close to the DART Rail Line that is under construction nearby.
The average number of days on the market for the “active” status, pre-owned homes is 66 days, as compared to 107 last month. The median number of days on the market is 10 days, compared to last month’s 87 days. The $1M+ townhomes are skewing the numbers.
New listings in April
Eighteen homes came on the market in Addison, TX in April, and there were 10 new listings the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
5/1/2022 |
CONDOS |
|
|
|
|
|
District A |
Breedlove |
2/2.1/2 |
1916 |
$399,000 |
Option |
District A |
Seabolt |
2/3/2 |
1908 |
$400,000 |
Contingent |
Pecan Square |
Beltway Dr. |
2/2.1/1 |
1072 |
$225,000 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
1/1/0 |
739 |
$155,000 |
Pending |
Valley of Bent Tree |
Ledgemont Ln. |
2/1.1/0 |
978 |
$239,000 |
Pending |
HALF DUPLEXES |
|
|
|
|
|
Midway Meadows |
Morman |
3/3/2 |
2021 |
$449,000 |
Pending |
TOWNHOUSES |
|
|
|
|
|
Addison Grove |
Runyon |
2/2.1/2 |
1391 |
$479,900 |
Pending |
Addison Grove |
Runyon |
2/3/2 |
1396 |
$525,000 |
Pending |
Addison Grove |
Runyon |
2/3/2 |
1391 |
$469,000 |
Pending |
Asbury Circle |
Asbury Ln. |
3/3.1/2 |
2288 |
$525,000 |
Pending |
Towne Lake |
Towne Lake |
3/2.1/2 |
2470 |
$600,000 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Chatham Court |
Chatham Court Dr |
3/2.1/2 |
2142 |
$599,000 |
Active |
Grand Addison |
Greenleaf Ct. |
3/2/2 |
1796 |
$556,000 |
Active |
Grand Addison |
Brookwood |
3/2.1/2 |
2579 |
$650,000 |
Active |
Midway Meadows |
Winter Park |
3/2/2 |
2285 |
$635,000 |
Pending |
Oaks North |
Oaks North |
‘3/4.3/2 |
3505 |
$825,000 |
Active |
Waterford |
Canot |
3/2.1/2 |
2648 |
$450,000 |
Pending |
Woods Rev |
Winnwood Rd. |
4/4.2/3 |
5761 |
$1,600,000 |
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 23 homes in the pending status (waiting to close), as compared to 18 last month. Thirteen of these are new construction townhomes at Addison Grove.
April Sales
There were 7 closings this month, compared to the 10 last month. The average list price to sold price ratio is 107.3%, up from last month’s 103.6%. Only one property sold below asking price, and the remaining 6 sold for more than asking. The highest was 115.4% over list.
Pre-owned homes: The median number of days on the market was 6 days, while the previous month the median was 5. The average number of days on the market was 29 days. The range in April for the previously owned homes was 2 days to 218 days. The average price per square foot of all previously owned homes sold is $235.61, up from last month’s $229.87 average.
Considering selling your Addison house? Contact me to discuss the selling and marketing process.
It’s always a GREAT time to buy or sell a home in Addison! Contact me and let’s get started!
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