Home  
         

Property Search

Browse by Neighborhood

Browse by Zipcode

Search Condo Directory

Chicago Area Market Trends

Help >

 
 

Addison, Illinois Real Estate Market: Single Family Home Sales

February 3rd, 2012 by Sari Levy

Because I live and work in Addison, Illinois and am active in the Addison Chamber of Commerce, I frequently look at data relating to the Addison Housing Market.  Today, I reviewed all single family home sales in Addison over the last four months (October 2011 through February 1, 2012.  55 single family homes sold ranging in price from $49,000 to $416,000 with 78% of the home selling for under $200k.   The three bedroom ranch home located at 104 Iowa was pretty decent on the first floor, but the basement was definitely built for Mayans – the ceilings are lower than 5 feet high, and the basement was full of mold and it sold for $50k.  On the other end of the spectrum, the buyers who paid above $400k (two of them ) got beautiful new construction homes at bargain prices!

On average, the homes were for sale in the Addison, IL real estate market for 180 days – the majority of the homes were 3 bedrooms with 6 or 7 rooms with a few having more or less rooms.  Still staggering is the number of distressed sales, which is 48%.  While its down from the 2011 rate of 51%, it still is a huge factor in the home values in Addison, Illinois.  For comparsion sake, the rate of distressed sales in Elmhurst for 2011 was 15% and in Lombard, distressed sales account for 32% of the single family homes sales.

Bookmark and Share


Bookmark and Share
 
BBB Accredited BusinessLucid Realty, Angies List Super Service Provider Serving Chicago, Elmhurst, Hinsdale, Oak Brook, Downers Grove, Glen Ellyn, Lombard,
Addison, Wood Dale, Itasca, and Other Chicago Suburbs
Facebook Twitter You Tube RSS Feed  
About Us | News | Site Map | Real Estate Employment     Join our mailing list
 


  Delivered by FeedBurner


Terms of Use | Privacy Statement      All Rights Reserved. Information Deemed Reliable But Not Guaranteed. © 2014 Lucid Realty, Inc. Equal housing opportunity


Crome Interactive Marketing