Zionsville is a small town located in the northern part of Hamilton County, IN. It’s known for its charming shops and restaurants, as well as its proximity to outdoor activities like hiking, biking, fishing and boating. The Zionsville real estate market is growing and becoming more dynamic with each passing day. There are many people moving to Zionsville from cities like Indianapolis, Carmel, Fishers, and Greenwood because of the small-town vibe without sacrificing access to amenities. If you’re thinking about buying a home in Zionsville or investing in local real estate, here’s an insider’s guide to buying property in Zionsville.
Basics of the Zionsville Real Estate Market
Zionsville is a great place to invest in real estate. The market has been consistent over the past 5 years, and the demand for housing is high. The median list price for a single-family home in Zionsville is $335,000, and the average home price is $382,000. Compared to other parts of Indiana, the real estate prices in Zionsville are very reasonable. In a broader sense, the strength of the Zionsville real estate market is largely contingent upon the strength of the regional market. While the real estate market in Zionsville has been stable and consistent, the number of home sales has been on the decline since 2012. This is likely due to the fact that inventory has been tight over the past 5 years. The good news is, that there has been a steady increase in inventory over the past couple of years which means there are more homes coming on the market. With more inventory coming to market, there’s a good chance that home sales will increase over the next couple of years.
What’s driving demand in Zionsville?
The number of people moving to Hamilton County, IN is increasing. This is likely because of the lower cost of living compared to nearby cities, like Indianapolis, and because Zionsville has a high quality of life, top-notch public schools, and easy access to outdoor activities. All of these factors make Zionsville a great place to raise a family and put down roots. Some other factors that could be driving demand in the Zionsville real estate market are lower interest rates, a strong economy, and investors looking to capitalize on commercial real estate opportunities.
Homes Currently for Sale in Zionsville
For the past couple of years, inventory has been low, but recently, there has been an increase in inventory. There are currently 87 homes for sale in Zionsville, IN. This means there is a 5-month supply of inventory at the current rate of sales. The median list price for a single-family home in Zionsville is $335,000. The average list price for a single-family home in Zionsville is $382,000. The average number of days on market for a single-family home in Zionsville is 50 days. The most expensive homes currently for sale in Zionsville have a median list price of $479,000. The least expensive homes currently for sale in Zionsville have a median list price of $159,900.
Home Prices in Zionsville
The median sales price for all homes in Zionsville has been steady over the past few years, ranging between $328,900 – $337,500. The median sales price for homes in Zionsville has increased by 8.7% over the past year. The average sales price for homes in Zionsville has increased by 7.9% over the past year.
Conclusion
The Zionsville real estate market is consistent, with a steady increase in inventory, however, average sales prices are increasing throughout the area. The best advice for anyone looking to buy in the Zionsville real estate market is to shop around, do your research, be patient, and find the property that best fits your needs.
