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Addison Schools

Addison Real Estate Market Conditions

Addison, Illinois

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. The median home sales price in 2007 wass $299,000, while the average household income in Addison was $72,800.  In  2009, the average home price fell dramatically to just under $200k.  Around 50% of the homes sold in Addison in the last 12 months 10/09 -10/10 were foreclosures or short sales.

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 DuPage 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 ZsaZsa'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

Transportation

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.

Addison Real Estate

Addison Housing Market

As of  March 1, 2012 there are only 5 months of inventory of single family homes on the market, that's half of where it was at the same time in 2010, and less than its been in the last 6 years.  

The time a home stays on the market is on the decline as of March 1, 2012 at around 200 days.

Addison Real Estate

Addison Single Family Homes for sale

Addison condos and townhomes for sale

Addison multi-unit buildings for sale

Wonder how the property taxes in Addison compare to other Du Page suburbs?  Check here.