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-duplexes
- 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 |
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|
|
|
|
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 |
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|
|
|
|
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 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!
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