Zionsville Real Estate Report

Even Zionsville, with its brick-paved, downtown streets and charming, family-run shops wasn’t immune from the decline in the number of homes sold; a decline that has typified the month of January for most of Central Indiana. The total of homes sold dropped significantly from its December figure of 31 to a miniscule 9 in January of 2010.  At least the total number of Zionsville homes for sale has kept pace with what has been only a mildly precipitous trend when compared to other areas of Central Indiana, ticking up a notch to from its December total to 282.

Here are some other statistics on the Zionsville real estate market:

  • The average time spent on market was 98 days.
  • Sellers, on average, received approximately 96 percent of their sales price.
  • The average price of a home sold in Zionsville was $282,000.
  • The median home price was $335,000.
  • The average active price was $541,000.
  • The absorption rate based on closed sales was 3.2 pecent.

So will Zionsville, Indiana, the city that was rated by BusinessWeek as Indiana’s “Best Affordable Suburb” in 2009 eventually rebound from its slump? With all that Zionsville has to offer in terms of charm, quality and community I’d be very surprised if it didn’t.