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Featured local agent — Addison, TX

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Addison, TX

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Addison, TX(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Addison, TX Housing Market & Real Estate

Balanced market-3.0% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$528,500median sale price

How is the Addison, TX housing market right now?

The median home sale price in Addison, TX is $528,500, down 3.0% year-over-year. Homes sell in an average of 63 days with 50 active listings. The market is currently a balanced 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?

Balanced market3.3 months of supply63 avg. days on market

Addison, TX is currently a balanced market, based on 3.3 months of supply and homes selling in about 63 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Average pace

Active listings

3.3 months supply

Sale-to-list

99.1%

Below asking

What does the Addison housing market data show?

Current housing market statistics for Addison, TX
Metric	Value
Median sale price	$528,500
Median list price	$542,500
Year-over-year price change	-3.0%
Average days on market	63 days
Active inventory	50 listings
Months of supply	3.3 months
Sale-to-list price ratio	99.1%
Median price per sq ft	$292/sq ft
Homes sold (latest month)	15
New listings (latest month)	16
Listings with a price cut	38.0%
Market condition	Balanced market

Source: Redfin · Updated monthly

How much do homes cost in Addison by property type?

How the Addison, TX market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Addison, TX
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$596,250	$297/sq ft	10	23 days
Condo / Co-op	$284,000	$190/sq ft	2	159 days
Townhouse	$440,000	$240/sq ft	3	73 days

Source: Redfin · Updated monthly

The Addison housing market is currently classified as a balanced market with a median sale price of $528,500. Prices have fallen 3.0% compared to last year, with homes spending an average of 63 days on market, indicating 3.3 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 6.1x provides context for how home values compare to local earning capacity.

Market trends

Townhouse1,421 sqft lot

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Active listings

Homes on market

Median list price

$543K

Avg. days on market

Days until sale

New this week

Newly listed

Price drops:38.0%of listings

Sale-to-list:99.1%

Who lives in Addison?

Population

17,128

Median income

$82,858/yr

Median age

35.6 years

Owner-occupied

17.9%

College grads

61.5%

Avg commute

24.9 min

Source: U.S. Census Bureau ACS

What are homes worth in Addison?

Zillow home value

$509,511

Zillow rent index

$1,571/mo

Price-to-rent ratio

27.0x

Price-to-income

6.1x

Source: Zillow Research

What is it like to live in Addison?

Addison is a community of approximately 17K residents with a median age of 35.6 years.The median household income is $82,858, which reflects a relatively affluent area with strong earning potential. 61.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 17.9%, showing a blend of owner and renter-occupied properties. The average commute time is 24.9 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?

1 schools tracked · 688 students

The largest public schools serving Addison, TX 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.

GEORGE HERBERT WALKER BUSH EL

Grades PK-5 · 688 students

Public

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, TX?

Want a head-to-head view? Compare Addison side-by-side with any other U.S. city using our market-comparison tool.

Carrollton

Plano

Coppell

Highland Park

Lewisville

Irving

Garland

Allen

Is Addison a good real estate investment market?

For investors evaluating Addison, the price-to-rent ratio of 27.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.0% 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 $528,500, down 3.0% from last year.

How long do homes stay on market in Addison?

Homes typically spend 63 days on market before going under contract.

What is the median income in Addison?

The median household income is $82,858 per year.

Is Addison a buyer's or seller's market?

With 3.3 months of supply, Addison is currently a balanced market.

How many homes are for sale in Addison?

There are currently 50 homes listed for sale in Addison, TX.

What is the Zillow home value estimate for Addison?

The Zillow Home Value Index (ZHVI) for Addison is $509,511, 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, TX is $284,000, compared to $596,250 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, TX is $596,250 (about $297 per square foot).

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