$210,000
13840 N Adams Rd
Addison, MI
3 bd1 ba1,336 sqft$157/ft²
House4.33 acres
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Sarah Mitchell
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Compass Real Estate · Addison, MI
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Addison, MI(512) 555-0184TX License #0512847
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Addison, MI Housing Market
Balanced market+6.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through April 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Addison, MI is worth $264,968, rose 6.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $80,000, -39.9% year over year (through May 2026). With homes going under contract in about 12 days, Addison is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $264,968 home is about $1,415/mo in principal and interest.
Key numbers for Addison, MI
Typical home value
$264,968
+6.0% in 12 months
Zillow, August 2026
Median sale price
$80,000
-39.9% year over year
Redfin, through April 2026
Days on market
12
Fast-moving
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$53,056
Home costs 5.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through April 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Addison a buyer's or seller's market?
Balanced market12 days on market100.0% of asking
Addison, MI is a balanced market and homes selling in about 12 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Addison housing market data show?
Every row below is Redfin's final published month for Addison, MI. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $80,000 |
| Median list price | $80,000 |
| Year-over-year price change | -39.9% |
| Median price per sq ft | $72/sq ft |
| Median days on market | 12 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Addison is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Addison is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Addison home prices moved?
Across the 32 months we hold for Addison, MI, the median sale price fell 52.9%, from $170,000 in April 2021 to $80,000. The live Zillow value series has rose 6.0% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Addison?
Priced off the typical home value of $264,968 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $52,994 | $211,974 | $1,415/mo |
| 5% | $13,248 | $251,720 | $1,680/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,415, that implies roughly $60,623 a year before you add taxes and insurance. The median household in Addison earns $53,056, about $7,567 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Addison in the next 12 months?
Tell us your timeline. We send the Addison market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Addison?
Zillow does not publish a rent index (ZORI) for Addison, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Addison?
Active listings in Addison, MI went from 1 in October 2023 to 2 in January 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| March 2024 | 6 | 2 |
| April 2024 | 6 | 1 |
| May 2024 | 3 | not published |
| June 2024 | 1 | 1 |
| July 2024 | 1 | 1 |
| December 2024 | 2 | 1 |
| January 2025 | 1 | 1 |
| April 2025 | 2 | 1 |
| October 2025 | 4 | 3 |
| November 2025 | 4 | 1 |
| December 2025 | 3 | not published |
| January 2026 | 2 | 1 |
Redfin, through January 2026
How does Addison compare to Michigan and the U.S.?
Addison homes sell for $80,000 — 73% below the Michigan median of $297,900. Against the national median of $410,700, Addison runs 81% lower. Year-over-year, Addison moved -39.9% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Addison, MI | $80,000 | -39.9% | 12 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Addison
What buyers should watch
- The gap between 5% and 20% down here is $265 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $264,968 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Addison listing goes under contract in 12 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Addison added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +6.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Addison varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Addison
Explore homes currently listed for sale in Addison, Michigan across major real estate platforms.
$295,000
17221 W US Highway 223
Addison, MI
2 bd1 ba1,440 sqft$205/ft²
House9.21 acres
View photos & details
$299,900
9304 Parkhurst Hwy
Addison, MI
3 bd2 ba1,152 sqft$260/ft²
Mobile home12.00 acres
View photos & details
$299,900
9304-9306 Parkhurst Hwy
Addison, MI
3 bd2 ba1,152 sqft$260/ft²
Mobile home12.00 acres
View photos & details
$320,000
Hagerman Rd Parcel 4
Addison, MI
Land11.09 acres
View photos & details
$320,000
Hagerman Rd Parcel 2
Addison, MI
Land7.10 acres
View photos & details
$375,000
Hagerman Rd Parcel 3
Addison, MI
Land6.97 acres
View photos & details
$424,500
10902 Devils Lake Hwy
Addison, MI
3 bd2 ba1,390 sqft$305/ft²
House11,326 sqft lot
View photos & details
$425,000
16001 Addison Rd
Addison, MI
0 ba
Land2.48 acres
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$495,000
Hagerman Rd Parcel 5
Addison, MI
Land13.60 acres
View photos & details
$499,900
6482 Sorby Hwy
Addison, MI
5 bd3 ba1,680 sqft$298/ft²
House22.09 acres
View photos & details
$1,370,000
8210 Clarks Cv
Addison, MI
5 bd4 ba2,931 sqft$467/ft²
House17,424 sqft lot
View photos & details
Looking to buy in Addison?
Get connected with a local real estate expert — free, no obligation.
Sale-to-list:100.0%
How much do homes cost in Addison by property type?
How the Addison, MI market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $80,000 | $72/sq ft | 1 | 12 days |
Who lives in Addison?
American Community Survey estimates for Addison. U.S. Census ACS, 2023
Population
585
Households
242
Median income
$53,056/yr
Median age
35.7 years
Owner-occupied
66.1%
Median home value
$132,700
Median gross rent
$668/mo
Mean commute
28.3 min
66.1% of occupied homes in Addison are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $132,700 against Zillow's $264,968 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Addison?
3 schools tracked · 712 students
The largest public schools serving Addison, MI 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 Elementary School
Grades K-5 · 336 students
Addison High School
Grades 9-12 · 214 students
Addison Middle School
Grades 6-8 · 162 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, MI?
Ordered by distance from Addison, not by size. Compare Addison side by side with any of them.
Addison housing market FAQ
Is Addison a buyer's or seller's market?
Addison, MI is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Addison?
The typical home in Addison, MI is worth $264,968 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $80,000, about $72 per square foot.
Is Addison cheaper than the rest of Michigan?
Addison's median sale price of $80,000 is 73% lower than the Michigan statewide median of $297,900, and 81% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Addison?
Homes in Addison, MI spent a median of 12 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Addison?
At the current 30-year fixed rate of 7.03%, 20% down on a $264,968 home is about $1,415 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $60,623 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $53,056.
Are home prices rising in Addison?
The typical home value in Addison, MI rose 6.0% over the last 12 months, from $250,038 to $264,968 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Addison?
Addison ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Addison?
That depends on your timeline, not on a headline. What the data says today: Addison, MI is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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