Real Estate Market Trends for Addison, TX: May 2023

Real Estate Agent with Texas Pride Realty Group Brokered by HomeSmart Stars TX #0552717

Residential Real Estate For Sale in Addison, Texas

The total number of currently available residential properties for sale in Addison, Texas is 14, up from 12 active listings last month. Eleven are pre-owned and 3 are new construction at Addison Grove. Currently for sale, there are:

  • 8 single family homes (ranging in price from $380,000 to $4,000,000)
  • No half-duplexesAddison Grove
  • 2 condos ($309-999 to $579,000)
  • 4 townhomes ($746,000 to $830,000)

Seven of the 14 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 117 days, as compared to 79 last month. The median number of day on the market is 35 days, compared to last month's 47 days.

New Listings in May

Eighteen homes came on the market in Addison, Texas in May, while there were 12 the previous month.

Subdivision Street BR/Bath/Gar Sq ft List Price 5/1/23 Status
Brooktown Vitruvian 2/2.1/0 1570 $309,999 Active
District A Quorum 2/2.1/2 1965 $459,000 Option
Pecan Square Beltway 2/1.1/1 952 $250,000 Option
Valley of Bent Tree Ledgemont 1/1/0 746 $199,900 Pending


HALF DUPLEXES - None this month


Subdivision Street BR/Ba/Gar Sq ft List Price 5/1/23 Status
Addison Circle Morris 3/3.1/2 2738 $685,000 Option
Addison Grove Oak St. 3/4/2 2872 $805,000 Active
Asbury Circle Amberwood 3/3.1/2 2517 $535,000 Pending


Subdivision Street BR/Bath/Gar Sq ft List Price 5/1/23 Status
Addison Place Planters Row 2/2/2 1710 $380,000 Active
Bellbrook Estates Havenshire 5/5.2/3 6369 $2,350,000 Active
Bellbrook Estates Hampton 5/4.1/3 4991 $1,625,000 Pending
Chatham Court Camden Ln. 3/3/2 2053 $587,500 Pending
Grand Addison Windsor Ct. 3/2.1/2 2062 $619,000 Pending
Grand Addison Hemingway  3/2.1/2 1922 $650,000 Option
Grand Addison Camelot Ct. 3/2.1/2 2012 $639,500 Active
Midway Meadows Le Grande 3/2/2 1672 $499,000 Active
Oaks North Lochinvar 3/3/2 2829 $795,000 Active
Oaks North Oaks North 4/3.1/2 3916 $1,200,000 Active
Waterford Azure Ln. 3/2.1/2 2406 $575,000 Pending


Search for Addison Real Estate:

If you're looking for an Addison home, use the following links 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!

Addison condos for sale

Addison townhomes for sale

Addison single family homes for sale

Addison rental properties for lease

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. Some of these townhomes have been under contract since summer, 2021.

May Sales

There were 15 closings this month compared to 19 last month. The average list price to sold price ratio is 99.4%, down from last month's 100.1%. Only 5 properties sold below asking price.

Pre-owned homes: The median number of days on the market for the 11 pre-owned homes that sold was 23 days, while the previous month the median was 6 days. The average number of days on the market was 26 days. The range in May for the previously owned home was 5 days to 76 days. The average price per square foot of all previously owned homes sold is $255.73, up from last month's $245.06.

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! Reach out 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)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jun 06, 2023 06:02 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lorrie, always nice to read market reports from other areas so we know what is happening elsewhere.

Jun 22, 2023 01:40 PM