Real Estate Market Trends for Addison, TX: February 2023
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is 12, down from 17 active listings last month. Seven are pre-owned and 5 are new construction at Addison Grove. Currently for sale, there are:
2 single family homes (ranging in price from $644,900 - $3,000,000)- No half-duplexes
- 4 condos ($279,000 - $499,900)
- 6 townhomes ($444,000 - $830,000)
Seven of the 12 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 50 days, as compared to 65 last month. The median number of days on the market is 56 days, compared to last month’s 51 days.
New listings in February
Eleven homes came on the market in Addison, TX in February, while there were 12 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
3/1/23 |
CONDOS |
|
|
|
|
|
Pecan Square |
Beltway Dr. |
2/1.1/1 |
990 |
$235,000 |
Pending |
La Mirada |
Proton Dr. |
2/1.1/1 |
984 |
$220,000 |
Pending |
Meridian Square |
Meridian Ln. |
2/2/1 |
1560 |
$419,900 |
Active |
HALF DUPLEXES |
|
|
|
|
|
Midway Meadows |
Sopras Circle |
2/2/2 |
1752 |
$415,000 |
Paused |
TOWNHOUSES |
|
|
|
|
|
Asbury Circle |
Asbury Ln. |
4/3.1/2 |
2317 |
$465,000 |
Pending |
Meridian Square |
Meridian Ln. |
3/3/1/2 |
2276 |
$585,000 |
Option |
SINGLE FAMILY HOMES |
|
|
|
|
|
Les Lacs |
Rive Ln. |
3/3/2 |
1684 |
$469,000 |
Sold |
Milliken |
Lake Forest Dr. |
4/3.1/3 |
6324 |
$3,000,000 |
Active |
Oaks North |
Oaks North |
3/3/2 |
2556 |
$749,000 |
Pending |
Waterford |
Rive Ln. |
3/2.1/2 |
1867 |
$579,890 |
Option |
Waterford |
Canot Ln. |
3/2.1/2 |
2648 |
$644,900 |
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 29 homes in the pending status (waiting to close), as compared to 26 last month. Nineteen of these are incomplete new construction townhomes at Addison Grove. Some of the townhomes have been under contract since summer, 2021.
February Sales
There were 14 closings this month, compared to 5 last month. The average list price to sold price ratio is 97.4%, down from last month’s 99.9%. Only 5 properties sold at or over asking price.
Pre-owned homes: The median number of days on the market was 30 days, while the previous month the median was 27. The average number of days on the market was 61 days. The range in February for the previously owned homes was 4 days to 238 days. The average price per square foot of all previously owned homes sold is $238.38, down from last month’s $281.95 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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