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

Housing Market Conditions



Gauge showing Thornton Township is a neutral's market


Difference Since March 2023

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

Key Takeaway

Thornton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Thornton Township, IL

How much do homes in Thornton Township, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Thornton Township have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Thornton Township was $159,039 in March 2024, down 0.6% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $66K$63.9K
2 $110K$115.9K
3 $169K$164.8K
4 $196K$200K
5+ $205.5K$217.4K

Summary: Thornton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

South Holland
Thornton Township

Housing Supply in Thornton Township, IL

How many homes are available in Thornton Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Thornton Township real estate market had 776 homes for sale in March 2024, a 10.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 66
2 109119
3 419474
4 112121
5+ 5456

Summary: The Thornton Township 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 9.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 3.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thornton Township, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.

Summary: A total of 111 homes were sold or pending in Thornton Township in March 2024, down by 11.2% month-over-month. Of the 111 sold homes, 50% were sold under asking, 17% were sold at asking, and 32% were sold over asking.

Days on Market for Thornton Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days49 Days-5.8%

Summary: Homes in Thornton Township had an average of 49 days on market in Mar 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 111 homes were sold in Thornton Township; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% 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 24 Days Ago

Newest Listings in Thornton Township, IL

Nearby Markets to Thornton Township, IL

What housing markets are near Thornton Township, IL?