Zionsville Real Estate Market Report - October 2008

For the month of October, there were 27 homes sold and closed in Zionsville, compared to 40 homes sold in September. Of the 27 homes sold in October, 1 home was bank owned or REO.

The highest price home sold was $592,110. for a home with 5 bedrooms, six baths and 4715 square feet. The lowest priced home sold was $88,051 for a two bedroom home with 2 baths and 1353 square feet.

The average Zionsville home sold was a three bedroom, three bath with 2608 square feet and sold for $316,172.

The average Days on Market for homes sold was 61 days, down from 72 days last month.

There are currently 353 available homes for sale in Zionsville, which gives us an absorption rate of 13 months.

Average days on market and absorption rate will vary by price range.

Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Zionsville Homes sold between 10/1/2008 and 10/31/2008 on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed. 

Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis real estate agent and team leader of The Home to Indy Team, serving the Indianapolis and Zionsville Indiana real estate markets.