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 Last Month

Last month, Thorntown was a Buyer'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

$272,500

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$312,500(-53.4%)

Key Takeaway

Homes in Thorntown have sold for 53.4% less than they did a month ago.

Summary: The median home sold price in Thorntown was $272,500 in November 2024, down 53.4% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$174K
N/A
3 $585K$407K
-30.4%
4 -$260K
N/A
5+ --
N/A

Summary: Thorntown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thorntown
-53.4%
Sugar Creek Township
-55.6%

Housing Supply in Thorntown, IN

How many homes are available in Thorntown, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The Thorntown real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 89
+12.5%
4 66
0.0%
5+ 22
0.0%

Summary: The Thorntown housing inventory by bedroom type for November 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thorntown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Thorntown in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Oct 2024Nov 2024CHANGE
105 Days15 Days-85.2%

Summary: Homes in Thorntown had an average of 15 days on market in Nov 2024, down by 85.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Thorntown; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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

Nearby Markets to Thorntown, IN