Property Search

Browse by Neighborhood

Browse by Zipcode

Search Condo Directory

Chicago Area Market Trends

Help >


Addison Schools

Addison Real Estate Market Conditions

Addison, Illinois

Addison Real Estate

Search all   Elmhurst home buyer rebates

Addison Single Family Homes for sale

Addison Condos and Townhomes for sale

Addison multi-unit buildings for sale

Addison Housing Market

The Addison real estate market is healthy but a bit sluggish for March 2016. Inventory is super tight, market times are up slightly, new listings  and closings are down over this time last year.  As of April 1, 2016, there is a 3.1 months supply of single family homes for sale in Addison compared to 3.5 last year.  For condos/townhomes, the supply has decreased drastically from a 5.2 months’ supply last year to a 3.1 months supply as April 1, 2016. Anything under 5 months is definitely a sellers market.

The time a home stays on the market in Addison is 137 days which 10% higher than last year when homes were on the market 125 days. Condos and townhomes are on the market 141 days compared to last year at this time when they were at 134 days. Prior to 2014, market times were hugely volatile, but since 2014 around this time, while market times have fluctuated for both property types, they’ve stayed under 150 days.

Residential closings are down from this time last year with only 4 condos/townhomes closed compared to 10 last year.  Last year at this time 27 homes closed, and this year only 21 closed. 2015 was a strong year for closings with an unprecedented 40 single family homes closed in July 2015.

Addison Profile

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 Schools

Addison Elementary School District 4 offers six elementary schools, a primary school, and one middle school. In addition, there are three parochial elementary schools located in the area. High school students can either attend Addison Trail High School located within Du Page High School District 88.


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.
Click to Chat with an Agent

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 | DMCA      All Rights Reserved. Information Deemed Reliable But Not Guaranteed. © 2015 Lucid Realty, Inc. Equal housing opportunity

Crome Interactive Marketing