$4,976 Closing Credit*
$419,000
Listing Office: Brinkoetter REALTORS®
Is Mount Zion, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mount Zion has remained a Seller's Market.
Key Takeaway
Mount Zion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Zion, IL
How much do homes in Mount Zion, IL cost?
Median Sold Price
$210,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,250(+19.5%)
Key Takeaway
Homes in Mount Zion have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Mount Zion was $210,000 in November 2024, up 19.5% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $134.5K | N/A |
| 3 Bedrooms | $155K | $175K | +12.9% |
| 4 Bedrooms | $294K | $364.2K | +23.9% |
| 5+ Bedrooms | $400K | $417.5K | +4.4% |
Summary: Mount Zion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Mount Zion | $175.7K | $210K | +19.5% |
| Long Creek Township | $147.5K | $169.9K | +15.2% |
| Mount Zion Township | $178.2K | $187.5K | +5.2% |
| Long Creek | $224.9K | $182K | -19.1% |
Housing Supply in Mount Zion, IL
How many homes are available in Mount Zion, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Mount Zion real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Zion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Zion, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mount Zion in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Zion, IL
How long does it take to sell a home in Mount Zion, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 26 Days | -55.6% |
Summary: Homes in Mount Zion had an average of 26 days on market in Nov 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Zion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mount Zion; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
