Real Estate Market Trends for Addison, TX: November 2022
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 27, compared to the 23 last month. Twenty are pre-owned and 7 are new construction at Addison Grove. Currently for sale, there are:
- 9 single family homes (ranging in price from $449,900 - $1,090,000)
- No half-duplexes
- 8 condos ($185,000 - $625,000)
- 10 townhomes ($444,000 - $810,000)
Nineteen of the 27 available homes have been on the market for longer than 30 days. The average number of days on the market for the “active” status, pre-owned homes is 58 days, as compared to 59 last month. The median number of days on the market is 42 days, compared to last month’s 54 days.
New listings in November
Thirteen homes came on the market in Addison, TX in November, while there were 14 new listings the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
12/1/22 |
CONDOS |
|
|
|
|
|
District A |
Quorum |
2/2.1/2 |
1836 |
$440,000 |
Pending |
District A |
Parkview |
2/2.1/2 |
1667 |
$445,000 |
Option |
District A |
Morris |
2/2.1/2 |
1682 |
$410,000 |
Active |
Meridian Square |
Meridian Ln. |
2/2.1/2 |
1570 |
$429,900 |
Active |
Pecan Square |
Beltway Dr. |
1/1/1 |
683 |
$185,000 |
Active |
Pecan Square |
Beltway Dr. |
2/2/1 |
990 |
$230,000 |
Active |
Valley of Bent Tree |
Ledgemont |
1/1/0 |
739 |
$210,000 |
Pending |
HALF DUPLEXES |
|
|
|
|
|
None this month |
|
|
|
|
|
TOWNHOUSES |
|
|
|
|
|
Addison Grove |
Oak St. |
3/2.1/2 |
2585 |
$699,900 |
Active |
SINGLE FAMILY HOMES |
|
|
|
|
|
Les Lacs |
Lexus |
3/2/2 |
2160 |
$600,000 |
Pending |
Oaks North |
Trafalgar Ct |
3/3.1/2 |
3078 |
$725,000 |
Active |
Waterford |
Lakeway |
3/2.1/2 |
2767 |
$625,000 |
Pending |
Waterford |
Lakeview Ct. |
3/2/2 |
2233 |
$639,900 |
Active |
Waterford |
Canot |
3/2.1/2 |
2648 |
$674,900 |
Active |
Properties Scheduled to Close
There are 23 homes in the pending status (waiting to close), as compared to 25 last month. Sixteen of these are incomplete new construction townhomes at Addison Grove.
November Sales
There were 11 closings this month, compared to the 12 last month. The average list price to sold price ratio is 98.8%, down slightly from last month’s 99.0%. Only 3 properties sold below asking price.
Pre-owned homes: The median number of days on the market was 12 days, while the previous month the median was 13. The average number of days on the market was 14 days. The range in November for the previously owned homes was 2 days to 36 days. The average price per square foot of all previously owned homes sold is $239.78, down from last month’s $273.90 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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