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Real Estate Market Trends for Addison TX: August 2023

By
Real Estate Agent with HomeSmart Stars TX #0552717

Real Estate Market Trends for Addison TX: August 2023

 

Residential Real Estate For Sale in Addison, Texas

The total number of currently available residential properties for sale in Addison, Texas is 25, up from 22 active listings last month. Twenty one are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are:

  • 11 single family homes (ranging in price from $399,900 to $3,000,000)
  • No half-duplexesValley of Bent Tree Condo
  • 6 condos ($189,000 to $599,000)
  • 8 townhomes ($535,000 to $830,000)

Thirteen of the 25 available homes have been on the market for longer than 30 days. The average number of days on the market for the current "active" status, pre-owned homes is 70 days, as compared to 59 last month. The median number of days on the market is 22 days, compared to last month's 49 days.

New Listings in August

Twenty homes came on the market in Addison, Texas in August, while there were 11 the previous month.

CONDOS

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

9/1/23 Status

Brooktown

Vitruvian

3/2.1/0

1597

$319,999

Active

District A

Spectrum

3/3.1/2

2342

$585,000

Active

District A

Quorum

2/2.1/2

1718

$439,000

Option

District A

Seabolt

2/2.1/2

1665

$425,000

Active

Meridian Square

Meridian Ln

3/3/2

2002

$550,000

Active

Pecan Square

Beltway

1/1/1

683

$189,000

Active

Valley of Bent Tree

Ledgemont

2/1.1/0

978

$249,900

Sold

 

HALF DUPLEXES

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

9/1/23 Status

Midway Meadows

Morman

3/3/2

2005

$469,000

Sold

 

TOWNHOUSES

 

 

 

 

 

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

9/1/23 Status

Addison Grove

Runyon

2/3/2

1391

$535,000

Pending

Addison Grove

Runyon

3/2.1/2

1401

$549,500

Active

 

SINGLE FAMILY

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

9/1/23 Status

Addison Place

Planters Row

2/2/2

1402

$380,000

Sold

Addison Place

Knots Landing

2/2/2

1479

$349,900

Pending

Addison Place

Vinland

3/3/2

2037

$490,000

Active

Grand Addison

Stratford Ct.

3/2/2

1781

$618,000

Active

Les Lacs Garden Homes

Rive Ln.

2/2/2

980

$414,500

Option

Midway Meadows

Leadville

2/2/2

1836

$659,900

Active

Midway Meadows

Bobbin

3/2/2

2219

$589,900

Active

Reed Estates

Bellbrook

5/5.1/4

7081

$2,850,000

Active

Waterford

Azure

3/2/2

2252

$614,000

Active

Waterford

Azure

3/2/2

1827

$599,500

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 21 homes in the pending status (waiting to close), as compared to 21 last month. Fourteen  of these are new construction townhomes at Addison Grove. Some of these townhomes have been under contract since 2021.

August Sales

There were 11 closings this month compared to 6 last month. The average list price to sold price ratio is 99.7%, up from last month's 98.7%. Just 4 of these properties sold below asking price.

Pre-owned homes: The median number of days on the market for the pre-owned homes that sold was 6 days, while the previous month the median was 29 days. The average number of days on the market was 20 days. The range in August for the previously owned home was 2 days to 95 days. The average price per square foot of all previously owned homes sold is $256.10, up from last month's $232.87.

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


Ready to buy or sell?
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Comments(1)

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Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Sep 05, 2023 07:43 PM