Is Addison Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Addison Township has remained a Seller's Market.
Housing Prices in Addison Township, IL
How much do homes in Addison Township, IL cost?
Median Sold Price
$350,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Addison Township was $350,000 in May 2024, up 6.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $130K | +8.3% |
2 Bedrooms | $235K | $250K | +6.4% |
3 Bedrooms | $322.3K | $355K | +10.1% |
4 Bedrooms | $432K | $480K | +11.1% |
5+ Bedrooms | $499K | $606.8K | +21.6% |
Summary: Addison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Itasca | $370K | $397.2K | +7.4% |
Bensenville | $280K | $300K | +7.1% |
Addison Township | $327.5K | $350K | +6.9% |
Addison | $329.9K | $350K | +6.1% |
Wood Dale | $310K | $327K | +5.5% |
Housing Supply in Addison Township, IL
How many homes are available in Addison Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
209 | 231 | +10.5% |
Summary: The Addison Township real estate market had 231 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 37 | 49 | +32.4% |
3 Bedrooms | 100 | 107 | +7.0% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Addison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 66 | 0.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Addison Township in May 2024, the same as the previous month. Of the 66 sold homes, 45% were sold under asking, 8% were sold at asking, and 47% were sold over asking.
Days on Market for Addison Township, IL
How long does it take to sell a home in Addison Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 19 Days | +4.1% |
Summary: Homes in Addison Township had an average of 19 days on market in May 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 66 homes were sold in Addison Township; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.