Real Estate Market Report for Addison, TX:  July 2022

By
Real Estate Agent with United Real Estate TX #0552717

Real Estate Market Report for Addison, TX:  July 2022

 

Residential Real Estate For Sale in Addison Texas

The total number of currently available residential properties for sale in Addison, Texas is 18, as compared to 10 last month.  Eleven are pre-owned and 7 are new construction at Addison Grove. Currently for sale, there are:

  • 5 single family homes (ranging in price from $450,000 - $2,600,000)Dog Days of Summer
  • No half-duplexes
  • 2 condos ($412,000 - $465,000)
  • 11 townhomes ($487,000 - $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 these available properties are townhomes that are very close to the DART Rail Line that is under construction nearby and 1 is incomplete new construction.

The average number of days on the market for the “active” status, pre-owned homes is 80 days, as compared to 82 last month. The median number of days on the market is 19 days, compared to last month’s 7 days.  The $1M+ townhomes are skewing the numbers.

 

New listings in July

Just 13 homes came on the market in Addison, TX in July, and there were 23 new listings the previous month.   

Subdivision

Street

BR/Bath/Gar

Sq Ft

List Price

8/1/22
Status

CONDOS

 

 

 

 

 

Aventura

Addison Cir

3/2.1/2

1957

$465,000

Active

Aventura

Addison Cir

2/2/2

1740

$412,000

Active

District A

Spectrum Dr.

2/2.1/2

1778

$449,000

Pending

Meridian Square

Spectrum Dr.

3/2.1/2

1842

$559,000

Pending

Meridian Square

Meridian Ln.

2/2.1/2

1966

$574,900

Option

HALF DUPLEXES

 

 

 

 

 

None this Month

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Addison Grove (Pre)

Runyon

3/3.1/2

2449

$774,900

Active

Asbury Circle

 Asbury Ln.

3/3.1/2

2483

$475,000

Sold

SINGLE FAMILY HOMES

 

 

 

 

 

Addison Place

Planters Row

2/2/2

1551

$335,000

Pending

Charles E. Painter

Winnwood

4/4.1/4

4688

$2,600,000

Active

Grand Addison

Blueberry Ct.

3/2/2

1746

$498,000

Active

Waterford – CS

Azure

3/2.1/2

2493

$625,000

Active

Waterford

Chatham Ct.

3/2/2

2052

$595,000

Pending

Waterford

Waterford

3/2/2

1633

$550,000

Active

 

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 27 homes in the pending status (waiting to close), as compared to 28 last month.  Sixteen of these are incomplete new construction townhomes at Addison Grove.

 

 July Sales

There were 16 closings this month, compared to the 10 last month. The average list price to sold price ratio is 102.9%, down from last month’s 106.9%.  Only 3 properties sold below asking price, and the remaining sold at or above asking. The highest was 109.8% over list.

Pre-owned homes: The median number of days on the market was 8 days, while the previous month the median was 6.  The average number of days on the market was 16 days. The range in July for the previously owned homes was 1 day to 62 days. The average price per square foot of all previously owned homes sold is $259.42, down from last month’s $265.41 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 (2)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 01, 2022 05:24 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

Aug 06, 2022 12:38 PM