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 seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Zion Township has remained a Seller's Market.

Key Takeaway

Zion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Zion Township, IL

How much do homes in Zion Township, IL cost?

Median Sold Price

$249,900

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$48,900(+24.3%)

Key Takeaway

Homes in Zion Township have sold for 24.3% more than they did a year ago.

Summary: The median home sold price in Zion Township was $249,900 in December 2024, up 24.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$80K
N/A
2 $157K$169K
+7.6%
3 $205K$236.9K
+15.6%
4 $220K$290K
+31.8%
5+ $220K$267.5K
+21.6%

Summary: Zion Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Zion Township
+24.3%
Zion
+24.3%
Winthrop Harbor
+11.4%
Benton Township
+9.9%
Beach Park
+9.8%

Housing Supply in Zion Township, IL

How many homes are available in Zion Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7383+13.7%

Summary: The Zion Township real estate market had 83 homes for sale in December 2024, a 13.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 3340
+21.2%
4 2626
0.0%
5+ 68
+33.3%

Summary: The Zion Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 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. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Zion Township in December 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% 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

Dec 2023Dec 2024CHANGE
45 Days32 Days-28.0%

Summary: Homes in Zion Township had an average of 32 days on market in Dec 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 20 homes were sold in Zion Township; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

Newest Listings in Zion Township, IL

Nearby Markets to Zion Township, IL

What housing markets are near Zion Township, IL?