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.
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
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
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
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.