Altos Market Data for Realtors

Addison, IL

Single-Family Homes

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Addison, IL

Tue Sep 21 2021
This week the median list price for Addison, IL is $349,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has decreased to 49. Click here to stay informed with the Addison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Addison, IL

Tue Sep 21 2021
This week the median list price for Addison, IL is $349,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has decreased to 49. Click here to stay informed with the Addison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Addison market.
Median List Price $349,000
Median Price of New Listings $244,900
Per Square Foot $188
Average Days on Market 79
Median Days on Market 42
Price Decreased 45%
Price Increased 6%
Relisted 22%
Inventory 49
Median Rent
Market Action 51
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$499,700 2,879 8,000 - 10,000 sqft 4 3 18 0 2 70
$389,900 2,226 0.25 - 0.5 acre 4 2 47 1 1 31
$307,449 1,425 8,000 - 10,000 sqft 3 2 58 1 5 52
$245,000 1,368 0.25 - 0.5 acre 3 1 64 4 4 28