Is Addison, MI 49220 a buyer’s or seller’s market?
Addison is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Addison housing market right now
In the three months ending August 31, 2026, 33% of homes in Addison, MI 49220 sold above their list price, the typical home went under contract in 41 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (35 days then) and the median sale price rose 27% to $330,857. Overall, Addison is more competitive than a year ago, so tougher for buyers.
Within Lenawee County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 69%.
Nearby, buyers who want less competition could look at Jasper 49248 (0% sold over asking) or Tipton 49287 (10% sold over asking), while Clayton 49235 (100% sold over asking) and Sand Creek 49279 (100% sold over asking) are even more competitive.
Run the numbers for 49220
Nearby markets
Adrian 49221Seller’s market $134 /sq ftBlissfield 49228Seller’s market $179 /sq ftBritton 49229Seller’s market $236 /sq ftClayton 49235Buyer’s market $124 /sq ft Browse all markets →Towns like Addison nearby
Find towns like Addison in other states →Where Addison is
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Questions about Addison real estate
Is Addison a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Addison, MI 49220 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Addison?
The typical home went under contract in 41 days in the latest three months.
Do homes in Addison sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What are property taxes in Addison?
About 1.27% of a home’s value a year in Lenawee County, or roughly $5,080 on a $400,000 home.
What is the median home price in Addison?
The median sale price was $330,857 in the three months ending August 31, 2026, about $190 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology