Is Zion Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Zion Township has remained a Seller's Market.
Housing Prices in Zion Township, IL
How much do homes in Zion Township, IL cost?
Median Sold Price
$217,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Zion Township was $217,000 in April 2024, up 19.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92K | $80K | -13.0% |
2 Bedrooms | $131.7K | $160K | +21.5% |
3 Bedrooms | $180K | $220.5K | +22.5% |
4 Bedrooms | $215K | $255K | +18.6% |
5+ Bedrooms | $239.9K | $247.5K | +3.2% |
Summary: Zion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Zion Township | $181.5K | $217K | +19.6% |
Zion | $181.5K | $217K | +19.6% |
Winthrop Harbor | $258.4K | $271K | +4.8% |
Beach Park | $244.9K | $247K | +0.9% |
Benton Township | $235.6K | $210K | -10.9% |
Housing Supply in Zion Township, IL
How many homes are available in Zion Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 60 | -6.3% |
Summary: The Zion Township real estate market had 60 homes for sale in April 2024, a 6.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Zion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 18 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Zion Township in April 2024, down by 33.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 37 Days | -21.9% |
Summary: Homes in Zion Township had an average of 37 days on market in Apr 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Zion Township; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.