Single-family Foreclosures in Addison, IL 60101

Current Market Conditions in Addison, IL

Currently, the real estate market in Addison is experiencing a balanced trend, indicating a healthy mix of buyer and seller activity. Properties tend to sell quickly, indicating that demand remains steady. The average days on market is shorter than the previous year, reflecting an increase in interest and potentially competitive pricing in certain neighborhoods.

Addison's housing market has shown robust growth over the past year, with an increase in property values as more families relocate to the suburb for its amenities and schools. The trend toward remote work continues to make suburban living appealing, leading to a consistent rise in homebuyer interest.

Rent Prices In Addison, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Addison, IL, is on a rollercoaster ride. The average rent price in Addison, IL, is $1,874.00. Indeed, when looking to rent in Addison, IL, you can expect to pay as little as $570.00 or as much as $3,520.00, with the average rent median estimated to be $1,790.00. The good news is that finding an affordable and desirable property to rent in Addison, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.