Real Estate Market Trends for Addison, TX: April 2023
Residential Real Estate For Sale in Addison Texas
The total number of currently available residential properties for sale in Addison, Texas is just 12, down from 16 active listings last month. Nine are pre-owned and 3 are new construction at Addison Grove. Currently for sale, there are:
-
4 single family homes (ranging in price from $449,900 - $4,000,000)
- No half-duplexes
- 4 condos ($239,990 - $579,000)
- 4 townhomes ($639,000 - $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 79 days, as compared to 27 last month. The median number of days on the market is 47 days, compared to last month’s 20 days.
New listings in April
Twelve homes came on the market in Addison, TX in April, while there were 18 the previous month.
Subdivision |
Street |
BR/Bath/Gar |
Sq Ft |
List Price |
5/1/23 |
CONDOS | |||||
Brooktown |
Vitruvian Way |
2/2.1/0 |
1564 |
$315,000 |
Active |
District A |
Spectrum |
2/2.1/2 |
2005 |
$489,000 |
Contingent |
La Mirada |
Proton Dr. |
2/1.1/1 |
984 |
$239,990 |
Active |
La Mirada |
Proton Dr. |
1/1.2/1 |
920 |
$250,000 |
Pending |
La Mirada |
Proton Dr. |
2/2.1/1 |
1430 |
$336,200 |
Active |
Meridian Square |
Meridian Ln. |
3/3/2 |
1900 |
$579,000 |
Active |
Valley of Bent Tree |
Ledgemont Ln. |
2/2/0 |
1046 |
$249,900 |
Option |
HALF DUPLEXES | |||||
None at this time |
|
|
|
|
|
TOWNHOUSES | |||||
Addison Grove |
Oak St. |
3/2.1/2 |
2128 |
$625,000 |
Contingent |
Meridian Square |
Spectrum |
3/2.1/2 |
2300 |
$595,000 |
Pending |
Towne Lake |
Towne Green Cir. |
4/2.1/2 |
2147 |
$599,900 |
Sold |
Towne Lake |
Town Lake Cir. |
3/2.1/2 |
2503 |
$639,000 |
Active |
SINGLE FAMILY HOMES | |||||
Waterford |
Ridgelake Ct. |
3/2/2 |
1927 |
$624,900 |
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 28 homes in the pending status (waiting to close), as compared to 31 last month. Twenty of these are incomplete new construction townhomes at Addison Grove. Some of the townhomes have been under contract since summer, 2021.
April Sales
There were 19 closings this month, compared to 14 last month. The average list price to sold price ratio is 100.1%, up from last month’s 99.1%. Only 6 properties sold below asking price.
Pre-owned homes: The median number of days on the market was 6 days, while the previous month the median was 62. The average number of days on the market was 21 days. The range in April for the previously owned homes was 2 days to 126 days. The average price per square foot of all previously owned homes sold is $245.06, down from last month’s $260.39 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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