$89,000
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Addison, IL
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Sarah Mitchell
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Compass Real Estate · Addison, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Addison, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Addison, IL Housing Market & Real Estate
Seller's market-5.6% YoY
Housing market overview · Updated monthly ·
$420,000median sale price
How is the Addison, IL housing market right now?
The median home sale price in Addison, IL is $420,000, down 5.6% year-over-year. Homes sell in an average of 45 days with 72 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Addison a buyer's or seller's market?
Seller's market3.8 months of supply45 avg. days on market
Addison, IL is currently a seller's market, based on 3.8 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
45
Average pace
Active listings
72
3.8 months supply
Sale-to-list
101.0%
Above asking
What does the Addison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $469,000 |
| Year-over-year price change | -5.6% |
| Average days on market | 45 days |
| Active inventory | 72 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $247/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 35 |
| Listings with a price cut | 15.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Addison by property type?
How the Addison, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $512,000 | $248/sq ft | 13 | 50 days |
| Condo / Co-op | $397,000 | $247/sq ft | 3 | 45 days |
| Townhouse | $290,000 | $190/sq ft | 3 | 29 days |
Source: Redfin · Updated monthly
The Addison housing market is currently classified as a seller's market with a median sale price of $420,000. Prices have fallen 5.6% compared to last year, with homes spending an average of 45 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Addison
There are currently 72 homes listed for sale in Addison, Illinois. The median listing price is $469K. Featured listings range from $89,000 to $789,900.
$279,900
694 N Tamarac Blvd
Addison, IL
2 bd2 ba1,267 sqft$221/ft²
Townhouse
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$297,900
1299 W Lake St Apt 306
Addison, IL
2 bd2 ba1,200 sqft$248/ft²
Condo
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$299,000
308 W Natoma Ave
Addison, IL
3 bd1 ba1,200 sqft$249/ft²
House
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$359,999
10 N Adams Dr
Addison, IL
3 bd2 ba1,811 sqft$199/ft²
House6,970 sqft lot
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$375,000
933 S Iowa Ave
Addison, IL
5 bd2 ba2,478 sqft$151/ft²
House11,326 sqft lot
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$419,995
277 N Masters Dr
Addison, IL
2 bd2 ba1,524 sqft$276/ft²
Condo
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$426,295
270 N Masters Dr
Addison, IL
2 bd2 ba1,281 sqft$333/ft²
Condo
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$429,999
810 N Cherry St
Addison, IL
3 bd2 ba1,880 sqft$229/ft²
House
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$451,243
272 N Masters Dr
Addison, IL
2 bd2 ba1,524 sqft$296/ft²
Condo
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$529,900
941 W Army Trail Blvd
Addison, IL
5 bd3 ba2,860 sqft$185/ft²
House8,712 sqft lot
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$789,900
669 E Byron Ave
Addison, IL
4 bd3 ba2,872 sqft$275/ft²
House
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Looking to buy in Addison?
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Active listings
72
Homes on market
Median list price
$469K
Avg. days on market
45
Days until sale
New this week
35
Newly listed
Price drops:15.3%of listings
Sale-to-list:101.0%
Who lives in Addison?
Population
35,470
Median income
$87,587/yr
Median age
41.1 years
Owner-occupied
67.1%
College grads
21.9%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Addison?
Zillow home value
$383,530
Zillow rent index
$1,686/mo
Price-to-rent ratio
19.0x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Addison?
Addison is a community of approximately 35K residents with a median age of 41.1 years.The median household income is $87,587, which reflects a relatively affluent area with strong earning potential. 21.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Addison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Addison?
13 schools tracked · 5,346 students
The largest public schools serving Addison, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Addison Trail High School
Grades 9-12 · 1,904 students
Indian Trail Jr High School
Grades 6-8 · 1,150 students
Fullerton Elem School
Grades K-5 · 484 students
Stone Elem School
Grades K-5 · 438 students
Lincoln Elem School
Grades K-5 · 267 students
Army Trail Elem School
Grades K-5 · 265 students
Ardmore Elem School
Grades K-5 · 238 students
Lake Park Elem School
Grades K-5 · 231 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Addison, IL?
Want a head-to-head view? Compare Addison side-by-side with any other U.S. city using our market-comparison tool.
Is Addison a good real estate investment market?
For investors evaluating Addison, the price-to-rent ratio of 19.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Addison's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Addison's median home price.
Frequently asked questions
What is the average home price in Addison?
The median home sale price in Addison is $420,000, down 5.6% from last year.
How long do homes stay on market in Addison?
Homes typically spend 45 days on market before going under contract.
What is the median income in Addison?
The median household income is $87,587 per year.
Is Addison a buyer's or seller's market?
With 3.8 months of supply, Addison is currently a seller's market.
How many homes are for sale in Addison?
There are currently 72 homes listed for sale in Addison, IL.
What is the Zillow home value estimate for Addison?
The Zillow Home Value Index (ZHVI) for Addison is $383,530, representing the typical home value in the area.
What is the median condo price in Addison?
The median condo/co-op sale price in Addison, IL is $397,000, compared to $512,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Addison?
The median single-family home price in Addison, IL is $512,000 (about $248 per square foot).
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