Is Zion City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zion City is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Zion City was a Seller's Market.

Key Takeaway

Zion City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Zion City, IL

How much do homes in Zion City, IL cost?

Median Sold Price

$209,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,125(+18.8%)

Key Takeaway

Homes in Zion City have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Zion City was $209,000 in November 2024, up 18.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$80K
N/A
2 $140K$165K
+17.9%
3 $173K$209K
+20.8%
4 $205K$255K
+24.4%
5+ $220K$249.5K
+13.4%

Summary: Zion City 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 increased by 17.9%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 13.4%.

Housing Supply in Zion City, IL

How many homes are available in Zion City, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4142+2.4%

Summary: The Zion City real estate market had 42 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1921
+10.5%
4 1411
-21.4%
5+ 56
+20.0%

Summary: The Zion City 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 increased by 33.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
144-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zion City, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Zion City in November 2024, down by 71.4% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Zion City, IL

How long does it take to sell a home in Zion City, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days46 Days+137.6%

Summary: Homes in Zion City had an average of 46 days on market in Nov 2024, up by 137.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Zion City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Zion City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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