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Real Estate Market Trends for Addison, TX:  April 2023

By
Real Estate Agent with HomeSmart Stars TX #0552717

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)Addison Grove New Construction Townhomes
  • 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
Status

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!

Posted by

Lorrie Semler, REALTOR
HomeSmart Stars

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


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Comments(2)

Show All Comments Sort:
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Lorrie. A tight and limited market indeed. Buyers should seek your counsel and get the lay of the land. Enjoy your day.

May 02, 2023 04:40 AM
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, 2023 06:45 PM