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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thornton Township is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Thornton Township, IL

How much do homes in Thornton Township, IL cost?

Median Sold Price

$164,890

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$7,132(+4.5%)

Key Takeaway

Homes in Thornton Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Thornton Township was $164,890 in June 2024, up 4.5% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $63K$69.5K
+10.3%
2 $110K$122K
+10.9%
3 $164.9K$170K
+3.0%
4 $190.5K$208.1K
+9.3%
5+ $220K$225K
+2.3%

Summary: Thornton Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Harvey
+4.8%
Thornton Township
+4.5%
South Holland
+4.0%
Dolton
0.2%

Housing Supply in Thornton Township, IL

How many homes are available in Thornton Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
760848+11.6%

Summary: The Thornton Township real estate market had 848 homes for sale in June 2024, a 11.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 66
0.0%
2 122134
+9.8%
3 452480
+6.2%
4 119156
+31.1%
5+ 6172
+18.0%

Summary: The Thornton Township 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 increased by 9.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 18%.

Number of Homes Sold

May 2024Jun 2024CHANGE
160115-28.1%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

45 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. 42.6% of homes here sold below asking price last month.

Summary: A total of 115 homes were sold or pending in Thornton Township in June 2024, down by 28.1% month-over-month. Of the 115 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% 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

Jun 2023Jun 2024CHANGE
45 Days46 Days+1.7%

Summary: Homes in Thornton Township had an average of 46 days on market in Jun 2024, up by 1.7% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

17 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 June 2024, 115 homes were sold in Thornton Township; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% 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 Township, IL

Nearby Markets to Thornton Township, IL

What housing markets are near Thornton Township, IL?