Is Thorntown, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thorntown is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Thorntown has remained a Seller's Market.

Key Takeaway

Thorntown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Thorntown, IN

How much do homes in Thorntown, IN cost?

Median Sold Price

$287,500

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$62,500(+27.8%)

Key Takeaway

Homes in Thorntown have sold for 27.8% more than they did a year ago.

Summary: The median home sold price in Thorntown was $287,500 in April 2024, up 27.8% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $115K$320K
+178.3%
3 $204K$275K
+34.8%
4 $280K$287.5K
+2.7%
5+ -$417.5K
N/A

Summary: Thorntown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 178.3%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thorntown
+27.8%
Sugar Creek Township
+18.9%

Housing Supply in Thorntown, IN

How many homes are available in Thorntown, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1115+36.4%

Summary: The Thorntown real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 68
+33.3%
4 46
+50.0%
5+ 11
0.0%

Summary: The Thorntown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 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 Thorntown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Thorntown in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Thorntown, IN

How long does it take to sell a home in Thorntown, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days79 Days+1893.8%

Summary: Homes in Thorntown had an average of 79 days on market in Apr 2024, up by 1893.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Thorntown are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in Thorntown; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in Thorntown, IN

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