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 neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Thornton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Thornton Township, IL

How much do homes in Thornton Township, IL cost?

Median Sold Price

$162,872

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$3,775(+2.4%)

Key Takeaway

Homes in Thornton Township have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Thornton Township was $162,872 in April 2024, up 2.4% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $64K$66.4K
+3.8%
2 $104.2K$121K
+16.0%
3 $165K$168.8K
+2.3%
4 $195K$203.1K
+4.2%
5+ $217.2K$217.5K
0.1%

Summary: Thornton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

Harvey
+12.1%
Thornton Township
+2.4%
South Holland
+1.3%
Phoenix
+0.7%
Dolton
-0.6%

Housing Supply in Thornton Township, IL

How many homes are available in Thornton Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
712807+13.3%

Summary: The Thornton Township real estate market had 807 homes for sale in April 2024, a 13.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 56
+20.0%
2 112124
+10.7%
3 432483
+11.8%
4 111137
+23.4%
5+ 5257
+9.6%

Summary: The Thornton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 9.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
125134+7.2%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

49 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. 39.6% of homes here sold below asking price last month.

Summary: A total of 134 homes were sold or pending in Thornton Township in April 2024, up by 7.2% month-over-month. Of the 134 sold homes, 40% were sold under asking, 24% were sold at asking, and 37% 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

Apr 2023Apr 2024CHANGE
55 Days44 Days-20.5%

Summary: Homes in Thornton Township had an average of 44 days on market in Apr 2024, down by 20.5% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

21 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 April 2024, 134 homes were sold in Thornton Township; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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 11 Days Ago

Newest Listings in Thornton Township, IL

Nearby Markets to Thornton Township, IL

What housing markets are near Thornton Township, IL?