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 July 2021

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.

How much do homes in Thornton, IL cost?

Median Sold Price

$160,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$20,000(+14.3%)

Key Takeaway

Homes in Thornton have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $118.2K$130K
+10.0%
3 $138.5K$162.2K
+17.1%
4 $164K$180K
+9.8%
5+ $110K-
N/A

Median Sold Price Compared To Nearby Cities

South Holland
+19.1%
Thornton Township
+16.2%
Thornton
+14.3%
Homewood
+12.6%

How many homes are available in Thornton, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
157-53.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 31
-66.7%
3 95
-44.4%
4 31
-66.7%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
72-71.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 100% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
12 Days17 Days+42.4%

Breakdown of Home Sale Times

2 Homes Were 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.

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

About Thornton, IL

Number of homes for sale in Thornton, IL real estate market have reached 7. The number of homes for sale in Thornton, IL decreased by 53.3% between June 2022 and July 2022. The median list price of listings available in July 2022 was $160,000, while the average time on the real estate market was 17 days. Listing prices have changed in this real estate market between June 2022 and July 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 10%, the cost of 3 bedrooms properties went up by 17.1%, prices of 4 bedrooms properties increased by 9.8%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 66.7%, volume of 3 bedrooms homes went down by 44.4%, number of 4 bedrooms homes decreased by 66.7%, number of 5 bedrooms homes remained the same. In July 2022, from all listings sold in Thornton, IL there were more than 2 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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