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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thornton is a 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, IL

How much do homes in Thornton, IL cost?

Median Sold Price

$177,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,275(+9.4%)

Key Takeaway

Homes in Thornton have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Thornton was $177,500 in March 2024, up 9.4% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $155K$170K
+9.7%
3 $159.5K$163.7K
+2.7%
4 $203.9K$214K
+4.9%
5+ $175K$259.9K
+48.5%

Summary: Thornton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 48.5%.

Median Sold Price Compared To Nearby Cities

Thornton
+9.4%
Homewood
+2.1%
South Holland
0.4%
Thornton Township
-0.6%

Housing Supply in Thornton, IL

How many homes are available in Thornton, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1413-7.1%

Summary: The Thornton real estate market had 13 homes for sale in March 2024, a 7.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 22
0.0%
5+ 22
0.0%

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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were 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. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Thornton in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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

Mar 2023Mar 2024CHANGE
59 Days45 Days-24.1%

Summary: Homes in Thornton had an average of 45 days on market in Mar 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 March 2024, 7 homes were sold in Thornton; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Thornton, IL

Nearby Markets to Thornton, IL

What housing markets are near Thornton, IL?