There is currently a 4.7 months supply of single family homes
sale in Addison. Compare that to last year at this time when there was
a 4.4 months supply of and you’ll see a 6.8% increase in supply. There
was an decrease in supply of condos and townhomes from 3.9 months at
the end of August last year to a 3 month supply this year. Even with
the slight increase in supply, inventory of single family homes is
still low enough to be considered a sellers market.
Single Family homes in Addison were on the market for 105 days in August compared to 83 days last year at the same time. The time a condo/townhome stayed on the market decreased in August with 95 days, compared to last year at the end of August when it was at 126 days.
August had a minor decrease in the number of homes that closed with only 26 this year compared to 30 closings in August 2015. Condos and townhomes closings increased significantly this August with 13 closings in 2016 compared to a 8 closings in 2015, more than a 62% increase.
The Village of Addison was founded in 1884 and continues to grow with its current number of residents being over 36,000. Addison is a family oriented area, and offers a wide spectrum of home styles to meet a wide range of incomes.
Addison is a community that offers a one-of-a-kind living environment. Homes within the village range in style from highly affordable starter homes to more expensive luxury models. There are several Addison subdivisions that offer distinct housing styles. The split level and ranch home seem to be most common.
Addison has the fourth largest industrial park in the state of Illinois. Addison's industrial sector encompasses much of the village's west and south sides. Twenty percent of all manufacturing operations in Du Page County are located in Addison. To encourage business and industrial development and facilitate the expansion of existing sites, the village offers a wide variety of economic incentives that are molded to the needs of each individual business seeking a home in Addison.
Addison is a business friendly community, hosting more than 45 businesses with over 100 employees each. United Parcel Service is its largest employer. The Pampered Chef is headquartered in Addison. In addition, Nabisco has a major operating facility in the village.
The Village does not rely solely on the employment opportunities of large companies. Businesses with less than 20 employees comprise upwards of two-thirds of all Addison-based business.
In addition, Addison has recently undergone a tremendous growth spurt of new retail shops and restaurants along Lake Street between Route 53 and Mill Road. There is no shortage of good food choices in Addison. Whether you want a fast food lunch from Portillo's to a fine dining experience at Zsa Zsa's steakhouse, there are plenty of choices to satisfy the entire family's taste buds.
Caputo's Fresh Fruit Market proudly calls Addison home, and has been a staple of the town for years, offering excellent fruit, meat and deli items at very reasonable prices.
The Addison Park District offers a variety of programs to people of every age. In addition to youth sport programs and adult leisure activities, the park offers golf facilities, an aquatic center, a fitness center, and over 20 parks.
Addison residents have easy access to either the North-South Tollway (I-355) which lies to their west or the Eisenhower Expressway (I-290) which lies to the north. From Addison it is about a 35-minute drive into the Loop. Chicago O'Hare International Airport is a 20 minute drive, while a trip to Chicago Midway Airport will take 35 minutes. Commuters may use the Metra station in Wood Dale for a 48-minute trip downtown, or the Union Pacific station in Villa Park for a 35 minute ride into the Loop.Wonder how the property taxes in Addison compare to other Du Page suburbs? Check here.