Real Estate Market Trends for Addison TX: October 2023

By
Real Estate Agent with HomeSmart Stars TX #0552717

Real Estate Market Trends for Addison TX: October 2023

 

Residential Real Estate For Sale in Addison, Texas

The total number of currently available residential properties for sale in Addison, Texas is 25, down from 29 active listings last month. Twenty two are pre-owned and 3 are new construction at Addison Grove. Currently for sale, there are:

  • 13 single family homes (ranging in price from $464,000 to $5,850,000)
  • No half-duplexesHome For Sale
  • 4 condos ($306,999 to $560,000)
  • 8 townhomes ($525,000 to $880,000)

Eighteen 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 92 days, as compared to 78 last month. The median number of days on the market is 53 days, compared to last month's 45 days.

New Listings in October

Just seven homes came on the market in Addison, Texas in October, while there were 12 the previous month.

CONDOS

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

11/1/23 Status

District A

Calloway

2/2.1/2

1906

$450,000

Active

 

HALF DUPLEXES

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

11/1/23 Status

None this month

 

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

11/1/23 Status

Towne Lake

Towne Green

3/3/2

2091

$650,000

Active

Towne Lake

Towne Lake

3/2.1/2

1759

$550,000

Active

 

SINGLE FAMILY

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

11/1/23 Status

Addison Place

Knots Landing

3/2/2

1571

$479,000

Active

Chatham Court

Chatham Ct

3/2/2

1647

$589,000

Active

Midway Meadows

Dome

4/3/2

2000

$590,000

Active

Oaks North

Lochinvar

3/2.1/2

2575

$675,000

Option

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 23 homes in the pending status (waiting to close), as compared to 26 last month. Seventeen of these are new construction townhomes at Addison Grove. Some of these townhomes have been under contract since 2021.

 

October Sales

There were 9 closings this month compared to 7 last month. The average list price to sold price ratio is 98.4%, down slightly from last month's 98.5%. Only 2 of these properties sold above asking price.

Pre-owned homes: The median number of days on the market for the pre-owned homes that sold was 28 days, while the previous month the median was 17 days. The average number of days on the market was 52 days. The range in October for the previously owned home was 2 days to 212 days. The average price per square foot of all previously owned homes sold is $274.57, up from last month's $266.80.

 

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)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lorrie and thank you for sharing your market report with us here in the Rain.  Make it a great Wednesday!

 

Nov 01, 2023 12:57 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Lorrie,

I can see why its a great time to buy or sell in Addison! Great market report, with 98.4% list to sell ratio not bad!

Nov 01, 2023 05:18 PM