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)
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No half-duplexes
- 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 |
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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 |
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TOWNHOUSES |
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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 |
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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 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!
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