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Real Estate Market Trends for Addison TX:  January 2024

By
Real Estate Agent with HomeSmart Stars TX #0552717

Real Estate Market Trends for Addison TX:  January 2024

 

Residential Real Estate For Sale in Addison, Texas

The total number of currently available residential properties for sale in Addison, Texas is 22, down from 23 active listings last month. Sixteen are pre-owned and 6 are new construction at Addison Grove. Currently for sale, there are:

  • 8 single family homes (ranging in price from $525,000 to $3,500,000)
  • No half-duplexesFlagstone patio
  • 2 condos ($449,000 to $495,000)
  • 12 townhomes ($525,000 to $880,000)

Fifteen of the 22 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 74 days, as compared to 114 last month. The median number of days on the market is 49 days, compared to last month's 59 days.

New Listings in January

Nine homes came on the market in Addison, Texas in January, while there were 7 the previous month.

CONDOS

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

2/1/24 Status

La Mirada

Proton

1/1.1/1

920

$225,000

Sold

 

HALF DUPLEXES

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

2/1/24 Status

None this month

 

 

 

 

 

 

TOWNHOUSES

 

 

 

 

 

Subdivision

Street

BR/Ba/Gar

Sq ft

List Price

2/1/24 Status

Addison Grove

Oak

4/3.1/2

1938

$699,000

Active

Addison Grove

Oak

4/3.1/2

2303

$725,000

Active

Addison Grove

Runyon

3/3.1/2

2239

$699,900

Active

Addison Grove

Oak St.

3/3.1/2

1932

$575.000

Option

Asbury Circle

Sugar Tree Way

3/3.1/2

2325

$525.000

Active

 

SINGLE FAMILY

 

 

 

 

 

Subdivision

Street

BR/Bath/Gar

Sq ft

List Price

2/1/24 Status

Grand Addison

Whitman Ct.

3/2.1/2

1827

$525,000

Active

Midway Meadows

Le Grande

3/2/2

1839

$659,000

Active

Oaks North

Lochinvar

3/3/3

3293

$1,049,000

Active

 

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 9 homes in the pending status (waiting to close), as compared to 13 last month. Six of these are new construction townhomes at Addison Grove.

 Sales

There were 6 closings this month compared to 5 last month. The average list price to sold price ratio is 100.8%, up from last month's 99.1%. Only 2 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 10 days, while the previous month the median was 38 days. The average number of days on the market was 14 days. The range in January for the previously owned home was 5 days to 39 days. The average price per square foot of all previously owned homes sold is $269.50, up from last month's $264.20.

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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Information About Brokerage Services

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Real Service. Real Results.
Real Estate.

 

Comments(2)

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

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

Feb 02, 2024 07:57 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417 Thank you for taking the time to share this valuable information.  It's very professional!  I'm sure it will be beneficial to both buyers and sellers who are looking to make buying or selling decisions!

Feb 02, 2024 06:49 PM