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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Zion Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Zion Township, IL

How much do homes in Zion Township, IL cost?

Median Sold Price

$241,333

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,333(+20.7%)

Key Takeaway

Homes in Zion Township have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Zion Township was $241,333 in November 2024, up 20.7% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$80K
N/A
2 $157K$167K
+6.4%
3 $200K$235K
+17.5%
4 $220K$280K
+27.3%
5+ $222.5K$255K
+14.6%

Summary: Zion Township 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 6.4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Cities

Zion Township
+20.7%
Zion
+20.7%
Beach Park
+17.4%
Benton Township
+12.5%
Winthrop Harbor
+11.0%

Housing Supply in Zion Township, IL

How many homes are available in Zion Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8387+4.8%

Summary: The Zion Township real estate market had 87 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 3841
+7.9%
4 3231
-3.1%
5+ 77
0.0%

Summary: The Zion Township 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 7.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 14 homes were sold or pending in Zion Township in November 2024, down by 36.4% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
23 Days25 Days+8.4%

Summary: Homes in Zion Township had an average of 25 days on market in Nov 2024, up by 8.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 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 November 2024, 14 homes were sold in Zion Township; 79% of homes were sold within 30 days, 21% 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 2 Days Ago

Newest Listings in Zion Township, IL

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What housing markets are near Zion Township, IL?