Is Thornton, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thornton is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Thornton, CO

How much do homes in Thornton, CO cost?

Median Sold Price

$526,562

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,104(-1.0%)

Key Takeaway

Homes in Thornton have sold for 1% less than they did a year ago.

Summary: The median home sold price in Thornton was $526,562 in April 2024, down 1% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $232K$214.9K
-7.4%
2 $394K$406K
+3.0%
3 $505K$505.6K
0.1%
4 $610K$571.2K
-6.4%
5+ $707.2K$680K
-3.9%

Summary: Thornton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

West Adams
0.0%
Thornton
-1.0%
Northglenn
-1.0%
Commerce City
-2.8%

Housing Supply in Thornton, CO

How many homes are available in Thornton, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
299442+47.8%

Summary: The Thornton real estate market had 442 homes for sale in April 2024, a 47.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 25
+150.0%
2 6589
+36.9%
3 116162
+39.7%
4 74120
+62.2%
5+ 4266
+57.1%

Summary: The Thornton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 62.2%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
35135+285.7%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thornton, you could pay more than the asking price. 37% of homes here sold above asking price last month.

Summary: A total of 135 homes were sold or pending in Thornton in April 2024, up by 285.7% month-over-month. Of the 135 sold homes, 30% were sold under asking, 33% were sold at asking, and 37% were sold over asking.

Days on Market for Thornton, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days26 Days+45.8%

Summary: Homes in Thornton had an average of 26 days on market in Apr 2024, up by 45.8% compared to last year.

Breakdown of Home Sale Times

100 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 135 homes were sold in Thornton; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% 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 1 Day Ago

Newest Listings in Thornton, CO

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