Is Thornton, CO 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, Thornton has remained a Seller's Market.
Key Takeaway
Thornton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thornton, CO
How much do homes in Thornton, CO cost?
Median Sold Price
$535,102
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Thornton has remained the same since last year.
Summary: The median home sold price in Thornton was $535,102 in March 2024, the same as last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $210K | -5.6% |
| 2 Bedrooms | $400K | $401.2K | 0.3% |
| 3 Bedrooms | $511K | $505K | -1.2% |
| 4 Bedrooms | $605K | $585K | -3.3% |
| 5+ Bedrooms | $703K | $689.3K | -1.9% |
Summary: Thornton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Thornton | $534.9K | $535.1K | 0.0% |
| Commerce City | $525.9K | $521.2K | -0.9% |
| West Adams | $495.2K | $490.3K | -1.0% |
| Northglenn | $485.3K | $479.9K | -1.1% |
| Federal Heights | $402.5K | $391K | -2.9% |
Housing Supply in Thornton, CO
How many homes are available in Thornton, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 529 | 605 | +14.4% |
Summary: The Thornton real estate market had 605 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 96 | 124 | +29.2% |
| 3 Bedrooms | 205 | 240 | +17.1% |
| 4 Bedrooms | 144 | 148 | +2.8% |
| 5+ Bedrooms | 76 | 85 | +11.8% |
Summary: The Thornton 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 increased by 29.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 169 | 170 | +0.6% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thornton, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.
Summary: A total of 170 homes were sold or pending in Thornton in March 2024, up by 0.6% month-over-month. Of the 170 sold homes, 31% were sold under asking, 32% were sold at asking, and 37% were sold over asking.
Days on Market for Thornton, CO
How long does it take to sell a home in Thornton, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -2.6% |
Summary: Homes in Thornton had an average of 33 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thornton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 170 homes were sold in Thornton; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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