Is Zion, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Zion has remained a Seller's Market.
Housing Prices in Zion, IL
How much do homes in Zion, IL cost?
Median Sold Price
$215,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Zion was $215,000 in March 2024, up 19.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.7K | $54K | -36.2% |
2 Bedrooms | $131.7K | $160K | +21.5% |
3 Bedrooms | $175K | $220K | +25.7% |
4 Bedrooms | $217.5K | $250K | +14.9% |
5+ Bedrooms | $230K | $243K | +5.7% |
Summary: Zion housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Zion | $180.3K | $215K | +19.2% |
Zion Township | $180.5K | $215K | +19.1% |
Winthrop Harbor | $250K | $269.9K | +8.0% |
Beach Park | $245K | $245.4K | 0.2% |
Benton Township | $236.4K | $210.3K | -11.0% |
Housing Supply in Zion, IL
How many homes are available in Zion, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 63 | -3.1% |
Summary: The Zion real estate market had 63 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Zion housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Zion in March 2024, up by 58.8% month-over-month. Of the 27 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for Zion, IL
How long does it take to sell a home in Zion, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 26 Days | -57.4% |
Summary: Homes in Zion had an average of 26 days on market in Mar 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Zion; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.