Is Thornton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Thornton Township was a Seller's Market.
Housing Prices in Thornton Township, IL
How much do homes in Thornton Township, IL cost?
Median Sold Price
$159,039
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66K | $63.9K | -3.1% |
2 Bedrooms | $110K | $115.9K | +5.4% |
3 Bedrooms | $169K | $164.8K | -2.5% |
4 Bedrooms | $196K | $200K | +2.0% |
5+ Bedrooms | $205.5K | $217.4K | +5.8% |
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
Harvey | $105.5K | $120K | +13.7% |
South Holland | $225K | $226K | 0.4% |
Thornton Township | $160K | $159K | -0.6% |
Dolton | $153.2K | $149.9K | -2.2% |
Housing Supply in Thornton Township, IL
How many homes are available in Thornton Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
700 | 776 | +10.9% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 109 | 119 | +9.2% |
3 Bedrooms | 419 | 474 | +13.1% |
4 Bedrooms | 112 | 121 | +8.0% |
5+ Bedrooms | 54 | 56 | +3.7% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 111 | -11.2% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 49 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
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.