$54,900
2.46 Acres
Land
Diana Faust, Listing Office: Heart O The Hills Realty
Is Addison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Addison was a Seller's Market.
Key Takeaway
Addison is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Addison, MI
How much do homes in Addison, MI cost?
Median Sold Price
$300,000
$77/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$13,600(+4.7%)
Key Takeaway
Homes in Addison have sold for 4.7% more than they did a month ago.
Summary: The median home sold price in Addison was $300,000 in November 2024, up 4.7% from last month, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286.4K | - | N/A |
| 3 Bedrooms | $79K | - | N/A |
| 4 Bedrooms | $500K | $300K | -40.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Addison housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 40%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rollin Township | $223.2K | $314.2K | +40.8% |
| Woodstock Township | $214.5K | $284K | +32.4% |
| Addison | $286.4K | $300K | +4.7% |
Housing Supply in Addison, MI
How many homes are available in Addison, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The Addison real estate market had 6 homes for sale in November 2024, a 40.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Addison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Addison, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Addison in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Addison, MI
How long does it take to sell a home in Addison, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 55 Days | +13.0% |
Summary: Homes in Addison had an average of 55 days on market in Nov 2024, up by 13% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Addison has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Addison; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
