Real Estate Market Trends for Addison TX: February 2024
Residential Real Estate For Sale in Addison, Texas
The total number of currently available residential properties for sale in Addison, Texas is 22, the same number of active listings at the beginning of last month. Fifteen are pre-owned and 7 are new construction at Addison Grove. Currently for sale, there are:
- 6 single family homes (ranging in price from $850,000 to $3,500,000)
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No half-duplexes
- 3 condos ($235,000 to $495,000)
- 13 townhomes ($509,000 to $880,000)
Sixteen 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 75 days, as compared to 74 last month. The median number of days on the market is 56 days, compared to last month's 49 days.
New Listings in February
Fourteen homes came on the market in Addison, Texas in February, while there were 9 the previous month.
CONDOS |
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Subdivision |
Street |
BR/Bath/Gar |
Sq ft |
List Price |
3/1/24 Status |
District A |
5025 Morris |
2/2.1/2 |
1702 |
$440,000 |
Option |
District A |
Quorum |
2/2.1/2 |
1956 |
$465,000 |
Active |
District A |
Morris |
2/2.1/2 |
1982 |
$475,000 |
Option |
Meridian Square |
Meridian Lane |
2/2.1/2 |
1941 |
$575,000 |
Option |
Valley of Bent Tree |
Ledgemont Ln |
2/1.1/0 |
978 |
$235,000 |
Active |
HALF DUPLEXES | |||||
Subdivision |
Street |
BR/Ba/Gar |
Sq ft |
List Price |
3/1/24 Status |
None this month |
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TOWNHOUSES |
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Subdivision |
Street |
BR/Ba/Gar |
Sq ft |
List Price |
3/1/24 Status |
Addison Grove |
Runyon |
3/3.1/2 |
3246 |
$810,000 |
Active |
Asbury Circle |
Amberwood |
4/3.1/2 |
2571 |
$520,000 |
Active |
Towne Lake |
Towne Green |
2/2.1.2 |
1646 |
$500,000 |
Option |
Towne Lake |
Towne Green |
3/2.1/2 |
2215 |
$609,000 |
Option |
SINGLE FAMILY |
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Subdivision |
Street |
BR/Bath/Gar |
Sq ft |
List Price |
3/1/24 Status |
Bellbrook Estates |
Havenshire |
5/5.2/3 |
6369 |
$2,100,000 |
Active |
Oaks North |
Paladium |
3/3/2 |
3452 |
$850,000 |
Active |
Oaks North |
Maiden Ct. |
3/3/2 |
2827 |
$974,500 |
Active |
Oaks North |
Lochinvar Dr. |
3/2.1/2 |
2575 |
$675,000 |
Option |
Waterford |
Chatham Ct. |
3/2/2 |
2100 |
$575,000 |
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 9 homes in the pending status (waiting to close), as compared to 13 last month. Two of these are new construction townhomes at Addison Grove.
Sales
There were 7 closings this month compared to 6 last month. The average list price to sold price ratio is 96.8%, down from last month's 100.8%. All 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 77 days, while the previous month the median was 10 days. The average number of days on the market was 178 days. The range in February for the previously owned home was 8 days to 764 days. The average price per square foot of all previously owned homes sold is $251.73, down from last month's $269.50.
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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