Addison, TX Foreclosures
How much do homes sell for in Addison, TX?
The average home price is currently $461,830.
In Addison, TX, how many homes are available?
There are currently 19 active home listings available in Addison.
What’s the average rental cost in Addison, TX?
The average rental price in Addison is $2,105.
What is the most expensive home in Addison?
The most expensive home sold in Addison had a price of $1,957,000.
What is currently the cheapest priced home in Addison, TX?
The cheapest home for sale in Addison is priced at $56,703.
Living in Addison, TX
Addison is a vibrant suburban community located just north of Dallas, Texas. Known for its bustling nightlife, outdoor spaces, and a variety of dining options, Addison offers a balance of city convenience and suburban comfort. The area is home to many parks, shopping centers, and a strong sense of community, making it an ideal place for families and professionals alike.
Current Market Conditions in Addison, TX
The Addison real estate market is currently experiencing a strong demand, characterized by a growing number of buyers and relatively low inventory. Prices have shown a consistent upward trajectory, making it an attractive area for both investors and homebuyers looking for value appreciation. Properties are selling quickly, often above asking price, highlighting the competitive nature of the market.
As remote work trends continue, more individuals are seeking residential options in suburban areas like Addison, leading to increased interest from families and young professionals. The variety of amenities and the quality of life, combined with proximity to Dallas, adds to the market's appeal.
Home Value Estimator For Addison, TX
There are currently 2,723 real estate properties
in Addison, TX,
with a median automated valuation model (AVM) price
of $463,613.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Addison, TX, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Addison, TX,
is $461,830.00, with the most expensive house
in Addison, TX, topping out
at $1,957,000.00 and the cheapest home
in Addison, TX,
clocking in at $56,703.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Addison, TX!
Rent Prices
In Addison, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Addison, TX, is on
a rollercoaster ride. The
average rent price in Addison, TX,
is $2,105.00. Indeed, when looking to rent in
Addison, TX, you can expect to pay as little
as $950.00 or as much
as $3,820.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Addison, TX
-- 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.
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