Real Estate Market Report for Addison, TX:  April 2022

By
Real Estate Agent with United Real Estate TX #0552717

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-duplexesAddison single family home
  • 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
Status

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!

 

 

Posted by

Lorrie Semler, REALTOR
United Real Estate Dallas

Serving your residential real estate needs in Dallas, TX and all the surrounding suburbs


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Comments (1)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Addison home buyers and sellers are sure to value your real estate market report, Lorrie.

May 02, 2022 04:52 PM