Addison
Addison history
Addison, Illinois is situated 20 miles west of Chicago, nestled in the crook where the Eisenhower Expressway (I-290) and Veterans Memorial Tollway (I-355) intersect. The surrounding expressways make travel to and from Addison a cinch and folks who work in the city have a fairly straightforward commute to downtown. It is home to roughly 36,000 residents and covers about 9.5 square miles, making it one of the bigger Chicago suburbs.
Addison was first settled in the 1830s and was incorporated as a village in 1839. The area grew steadily in size and population during that time, but the addition of passenger transportation by way of the Chicago and Pacific railroad in 1873 really established Addison as a budding 19th century town. Construction of schools and colleges set the tone for the village's commitment to education early on. The first school was a log cabin that opened its doors in 1837. Today there are several public educational facilities servicing the area, including a branch of DeVry University that occupies an 110,000-square-foot state-of-the-art complex.
315488 average Sale Price
297 number of Sales
5 one year price change
106 price change since 94
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Addison Real Estate
Housing in Addison ranges from modest, brick ranch homes to sprawling, ornate stone mansions on oversized lots. Sidewalk-lined subdivisions with long lanes and cul-de-sacs offer homeowners protected residential nooks, tucked away from busy main roads and high-traffic intersections. These neighborhood blocks provide a great place to raise a family and the slew of community parks means there is always a large open green space nearby. Of course, most Addison residents find their own backyard has an ample supply of outdoor area, with swimming pools and patios built into many of the properties. Tall trees and landscaped lawns add to the beauty of the residential streets and a wide variety of housing styles rescue Addison homeowners from the lackluster cookie-cutter architecture that plagues many Midwestern suburbs.
Prices for detached single-family homes run the gamut in Addison. House hunters can easily find a quality three-bedroom one-story in the $200,000 ballpark, but those with a penchant for the elaborate will also be impressed by Addison's luxury homes market. Whether you're a fan of new construction or prefer the vintage characteristics of an older home, there are plenty of unique four- and five-bedrooms houses with price tags reaching a million dollars. Condos and townhomes are not as common as private residences in Addison, but there is still a good mix of multiunit options with one or two bedrooms. Attached properties are found in both older buildings and brand new developments and prices fall between $80,000 and $400,000.
Addison market trends
Average sales price
The average sale price of a home in Addison is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Addison sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in Addison spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Addison sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in Addison is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Addison sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in Addison is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Addison sign up for the trends report below or contact your Dream Town broker.
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