Is Thornton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$162,872
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64K | $66.4K | +3.8% |
2 Bedrooms | $104.2K | $121K | +16.0% |
3 Bedrooms | $165K | $168.8K | +2.3% |
4 Bedrooms | $195K | $203.1K | +4.2% |
5+ Bedrooms | $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 | $107K | $120K | +12.1% |
Thornton Township | $159K | $162.8K | +2.4% |
South Holland | $224.9K | $227.8K | +1.3% |
Phoenix | $143K | $144K | +0.7% |
Dolton | $150.8K | $150K | -0.6% |
Housing Supply in Thornton Township, IL
How many homes are available in Thornton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
712 | 807 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 112 | 124 | +10.7% |
3 Bedrooms | 432 | 483 | +11.8% |
4 Bedrooms | 111 | 137 | +23.4% |
5+ Bedrooms | 52 | 57 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 134 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 44 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
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.