Is Zionsville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zionsville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Zionsville, IN

How much do homes in Zionsville, IN cost?

Median Sold Price

$661,333

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$41,333(+6.7%)

Key Takeaway

Homes in Zionsville have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Zionsville was $661,333 in May 2024, up 6.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $200K$450K
+125.0%
2 $307.4K$289.5K
-5.8%
3 $432.5K$449.9K
+4.0%
4 $630K$649.4K
+3.1%
5+ $775K$881.5K
+13.7%

Summary: Zionsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 13.7%.

Median Sold Price Compared To Nearby Cities

Eagle Township
+13.9%
Carmel
+8.1%
Zionsville
+6.7%
Pike Township
+4.6%
Worth Township
+0.8%

Housing Supply in Zionsville, IN

How many homes are available in Zionsville, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
129150+16.3%

Summary: The Zionsville real estate market had 150 homes for sale in May 2024, a 16.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 3642
+16.7%
4 4249
+16.7%
5+ 4854
+12.5%

Summary: The Zionsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3246+43.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zionsville, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Zionsville in May 2024, up by 43.8% month-over-month. Of the 46 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.

Days on Market for Zionsville, IN

How long does it take to sell a home in Zionsville, IN?

Average Sale Time

May 2023May 2024CHANGE
8 Days19 Days+132.7%

Summary: Homes in Zionsville had an average of 19 days on market in May 2024, up by 132.7% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Zionsville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 46 homes were sold in Zionsville; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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 1 Day Ago

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