Thornton home listings fell 32% in August as single-family prices rose
Thornton had fewer listings and sales in August, while the median single-family price rose 6.2% from a year earlier and attached-home sales increased year to date.
Thornton’s active single-family listings fell 32.2% from a year earlier to 242 in August, while the median sale price rose 6.2% to $599,900, according to the Denver Metro Association of Realtors’ Thornton market report.
New listings fell 13.2% to 125, pending listings declined 18.2% to 108 and closed sales fell 14.4% to 95. The average sale price rose 2.3% to $608,130, while sellers received an average of 99.8% of their list price. Homes sold in a median of 37 days, roughly unchanged from a year earlier.
The townhouse and condominium market also had less supply. Active listings fell 37.7% to 104, and new listings dropped 34% to 33. August sales declined 26.3% to 28, while the median price edged up 0.5% to $381,950.
Year-to-date figures show a more mixed market. Through August, Thornton single-family new listings were down 11.8% to 1,132 and sales were down 2.3% to 860. The median price was $568,000, down 0.8% from the same period last year.
In the townhouse-condominium segment, new listings fell 13.9% to 377, but sales increased 10.7% to 270 and pending sales rose 8.2% to 277. The year-to-date median price fell 2.6% to $375,000, and properties took an average of 56 days to sell, up from 49 days.
Thornton listings fell faster than broader benchmarks
Thornton’s August single-family median was below the broader market’s, but its year-over-year increase contrasted with declines in Adams County and the Denver area. Adams County’s median was $514,000, down 2.1%, while the Denver-area median was $622,500, down 0.4%, according to the Adams County market report and the metro monthly indicators report.
Adams County had 1,612 active single-family listings, down 15%, and 433 sales, down 5.9%. Across the metro, active listings for all property types fell 14.6% to 18,071, and closed sales fell 14.3% to 3,915. Those metro figures are not directly comparable with Thornton’s single-family data, but they show that Thornton’s inventory decline was steeper.
Attached-home prices also differed across the markets. Adams County’s townhouse-condominium median was $351,000, down 8.8%, compared with a metro median of $375,000, down 3.8%. Thornton’s median was higher than both, even as its active listings fell sharply.