Addison, IL
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Short-Term Rentals

Explore Addison, IL - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$365,000

Market Insights

The Addison housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 2.1% in the past month. With 3.2 months of supply, Addison's inventory levels remain relatively tight. Homes are taking about 55 days to sell, which is 13 days longer than this time last year. Approximately 44.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Addison market with the affordability index at 51.8. Based on current market indicators, home prices in Addison are projected to decrease by approximately 8.7% over the next month.

Demographics market for - Addison, IL

Total Population -

43,623

White Population

54.03%

Black Population

3.90%

Mexican86.97% (28.76% of total population)
Puerto Rican5.44% (1.80% of total population)
Cuban0.57% (0.19% of total population)
Dominican0.06% (0.02% of total population)
Salvadoran1.26% (0.42% of total population)
Costa Rican0%
Gautemalan3.90% (1.29% of total population)
Honduran0.10% (0.03% of total population)
Nicaraguan0.03% (0.01% of total population)
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0.07% (0.02% of total population)
Colombian0.46% (0.15% of total population)
Ecuadorian0.96% (0.32% of total population)
Peruvian0.18% (0.06% of total population)
Uruguyan0%
Venezuelan0%

Indian 14.16% (4.68% of total population)
Bangladeshi 0%
Chinese 0.63% (0.21% of total population)
Bhutanese 0%
Burmese 0%
Filipino 4.66% (1.54% of total population)
Hmong 0%
Indonesian 0%
Japanese 0.06% (0.02% of total population)
Korean 1.77% (0.58% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0.35% (0.12% of total population)
Nepalese 0%
Pakistani 2.29% (0.76% of total population)
Srilankan 0%
Taiwanese 0%
Pakistani 2.29% (0.76% of total population)
Srilankan 0%
Taiwanese 0%
Thai 0.06% (0.02% of total population)
Vietnamese 0.96% (0.32% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Addison, IL

Assault Offenses100.00%

Fraud Offenses100.00%

Robbery100.00%

Destruction/Damage/Vandalism of Property48.28%
Burglary/Breaking & Entering6.90%
Larceny/Theft Offenses27.59%
Motor Vehicle Theft17.24%

Real Estate Market Prediction for - Addison, IL

City Hotspots
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