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 2021

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.

How much do homes in Zion Township, IL cost?

Median Sold Price

$185,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,500(+12.4%)

Key Takeaway

Homes in Zion Township have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $53.5K$84.7K
+58.3%
2 $125K$139.9K
+11.9%
3 $167.7K$181.2K
+8.0%
4 $180K$220K
+22.2%
5+ $180K$219K
+21.7%

Median Sold Price Compared To Nearby Cities

Winthrop Harbor
+23.5%
Benton Township
+15.7%
Zion Township
+12.4%
Zion
+12.4%
Beach Park
+10.7%

How many homes are available in Zion Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
10190-10.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 1210
-16.7%
3 5551
-7.3%
4 2520
-20.0%
5+ 78
+14.3%

Number of Homes Sold

Oct 2022Nov 2022%
3514-60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were 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. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days56 Days+129.7%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 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.

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

About Zion Township, IL

Zion Township, IL has 90 homes for sale to choose from. Between October 2022 and November 2022, Zion Township, IL real estate market has seen decrease in the number of listings by 10.9%. In November 2022 median list price was $185,500 and the average listing age was 56 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 58.3%, prices of 2 bedrooms properties increased by 11.9%, prices of 3 bedrooms properties increased by 8%, 4 bedrooms properties prices increased by 22.2%, the cost of 5 bedrooms properties went up by 21.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 50%, volume of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes became 7.3% less available, volume of 4 bedrooms homes went down by 20%, 5 bedrooms homes became 14.3% more available. While more than 4 listings in Zion Township, IL in November 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below.

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