Is Thornton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thornton Township has remained a Seller's Market.
Housing Prices in Thornton Township, IL
How much do homes in Thornton Township, IL cost?
Median Sold Price
$164,974
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thornton Township was $164,974 in May 2024, up 3.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57K | $68K | +19.3% |
2 Bedrooms | $106.7K | $122K | +14.3% |
3 Bedrooms | $165K | $169.9K | +3.0% |
4 Bedrooms | $194.9K | $204.9K | +5.2% |
5+ Bedrooms | $220K | $223.7K | +1.7% |
Summary: Thornton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Harvey | $114.9K | $120K | +4.4% |
South Holland | $220K | $228.7K | +4.0% |
Thornton Township | $159.1K | $164.9K | +3.7% |
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
733 | 817 | +11.5% |
Summary: The Thornton Township real estate market had 817 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 116 | 132 | +13.8% |
3 Bedrooms | 438 | 483 | +10.3% |
4 Bedrooms | 121 | 134 | +10.7% |
5+ Bedrooms | 53 | 64 | +20.8% |
Summary: The Thornton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 137 | -2.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Thornton Township in May 2024, down by 2.8% month-over-month. Of the 137 sold homes, 31% were sold under asking, 25% were sold at asking, and 45% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 42 Days | -23.6% |
Summary: Homes in Thornton Township had an average of 42 days on market in May 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During May 2024, 137 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.