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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zion Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Zion Township, IL

How much do homes in Zion Township, IL cost?

Median Sold Price

$240,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,300(+21.4%)

Key Takeaway

Homes in Zion Township have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Zion Township was $240,000 in September 2024, up 21.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $77.4K$80K
+3.4%
2 $150K$169.5K
+13.0%
3 $197.7K$240K
+21.4%
4 $223.5K$270K
+20.8%
5+ $223K$250K
+12.1%

Summary: Zion Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Zion Township
+21.4%
Zion
+21.4%
Beach Park
+13.2%
Benton Township
+8.7%
Winthrop Harbor
+8.7%

Housing Supply in Zion Township, IL

How many homes are available in Zion Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8990+1.1%

Summary: The Zion Township real estate market had 90 homes for sale in September 2024, a 1.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 3935
-10.3%
4 3640
+11.1%
5+ 87
-12.5%

Summary: The Zion Township housing inventory by bedroom type for September 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 decreased by 10.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2610-61.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zion Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Zion Township in September 2024, down by 61.5% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Zion Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days18 Days-10.1%

Summary: Homes in Zion Township had an average of 18 days on market in Sep 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

8 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 10 homes were sold in Zion Township; 80% of homes were sold within 30 days, 20% 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 29 Days Ago

Newest Listings in Zion Township, IL

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