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

Since last month, Thorntown has remained a Seller'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

$407,700

$145/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$135,200(+49.6%)

Key Takeaway

Homes in Thorntown have sold for 49.6% more than they did a month ago.

Summary: The median home sold price in Thorntown was $407,700 in December 2024, up 49.6% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $174K-
N/A
3 $407K$110K
-73.0%
4 $260K$407.7K
+56.8%
5+ -$777K
N/A

Summary: Thorntown housing prices by bedroom type for December 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 73%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sugar Creek Township
+56.8%
Thorntown
+49.6%

Housing Supply in Thorntown, IN

How many homes are available in Thorntown, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2014-30.0%

Summary: The Thorntown real estate market had 14 homes for sale in December 2024, a 30.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 97
-22.2%
4 64
-33.3%
5+ 21
-50.0%

Summary: The Thorntown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thorntown, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Thorntown in December 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2024Dec 2024CHANGE
15 Days82 Days+431.2%

Summary: Homes in Thorntown had an average of 82 days on market in Dec 2024, up by 431.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Thorntown are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in Thorntown; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Thorntown, IN

Nearby Markets to Thorntown, IN