Is Thornton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$164,890
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63K | $69.5K | +10.3% |
2 Bedrooms | $110K | $122K | +10.9% |
3 Bedrooms | $164.9K | $170K | +3.0% |
4 Bedrooms | $190.5K | $208.1K | +9.3% |
5+ Bedrooms | $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 | $114K | $119.5K | +4.8% |
Thornton Township | $157.7K | $164.8K | +4.5% |
South Holland | $220K | $228.7K | +4.0% |
Dolton | $149.9K | $150.2K | 0.2% |
Housing Supply in Thornton Township, IL
How many homes are available in Thornton Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
760 | 848 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 122 | 134 | +9.8% |
3 Bedrooms | 452 | 480 | +6.2% |
4 Bedrooms | 119 | 156 | +31.1% |
5+ Bedrooms | 61 | 72 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
160 | 115 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
45 Days | 46 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
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.