Homes for Sale in Addison TX

 Addison TX is a booming and dynamic Dallas County suburb with a population of 13,056 individuals. Addison TX is a fantastic region for those that enjoy a slower pace of life while still wanting all of the amenities the city has to offer. Also known as the Town of Addison, the city places exceptional pride on its community and is remarkably youthful for a suburban area. Unlike many other suburban regions near Dallas, Addison has a very small population of married couples. Instead, the city is a thriving place for youthful individuals starting their careers and young families.

There is a diverse inventory of homes for sale in Addison TX for any household's needs. The average sales price in 2015 for all construction types was $482,766 vs. $514,495 in 2016, a 6.6% increase over the previous year.  The price per square foot went from $130 in 2015 to $141 in 2016, a 8.5% increase. The average days on market was 61 days in 2015 compared to 50 days in 2016, a 18.0% decrease which reflects stronger demand. The was 2.3 months of inventory in 2015 vs. 3.5months in 2016, an increase of 52.2%. A balanced market is approximately 6 months of inventory.  Again, like most cities in Dallas area this is a “sellers market”. Home owners in 2016 received 96.5% on average of the asking price.

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work of art in addisonWork of Art in Addison TX

Homes in Addison TX tend to move within their first three months on the market, and the median home sizes are a very generous 2,018 square feet, while the average of homes in the nation is closer to 1,800 square feet. In 2012, the median sales price of homes for sale in Addison TX was $255,028. There is still substantial room for growth within the market, as prior to 2007 the median home price was $350,000. The home values in Addison are expected to continue rising, which to some indicates that the property market in Addison is a very stable investment.

The median income in Addison, TX is $56,761, which is higher than average due to close proximity to the prosperous industries available in Dallas. Residents of Addison rarely have difficulty finding work, which has also supported the Addison TX real estate market. Addison, TX also has a flourishing rental market due to its proximity to Dallas, and this gives prospective homeowners interested in homes for sale in Addison TX many options for their new property investment.

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Buyers searching for Addison TX real estate will want The DeBerry Team’s knowledge and understanding of the Addison and surrounding areas real estate market. Please contact The DeBerry Team, today, at 214-215-5106. 

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Listing information last updated on January 24th, 2020 at 1:30pm CST.