Is Thornton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thornton is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Thornton was a Seller's Market.

Key Takeaway

Thornton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Thornton, IL

How much do homes in Thornton, IL cost?

Median Sold Price

$185,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$23,000(+14.2%)

Key Takeaway

Homes in Thornton have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Thornton was $185,000 in June 2024, up 14.2% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $165K$169.8K
+3.0%
3 $156.5K$185K
+18.2%
4 $208K$235K
+13.0%
5+ $175K$259.9K
+48.5%

Summary: Thornton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 48.5%.

Median Sold Price Compared To Nearby Cities

Thornton
+14.2%
Thornton Township
+4.5%
Homewood
+4.2%
South Holland
+4.0%

Housing Supply in Thornton, IL

How many homes are available in Thornton, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
109-10.0%

Summary: The Thornton real estate market had 9 homes for sale in June 2024, a 10.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 55
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Thornton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thornton, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Thornton in June 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Thornton, IL

How long does it take to sell a home in Thornton, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
49 Days8 Days-83.9%

Summary: Homes in Thornton had an average of 8 days on market in Jun 2024, down by 83.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Thornton are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 1 homes were sold in Thornton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Thornton, IL

Nearby Markets to Thornton, IL

What housing markets are near Thornton, IL?