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Thornton, Illinois 60476
The Village of Thornton is located approximately 20 miles South of the Chicago "Loop" in suburban Cook County.
The Village's municipal neighbors include South Holland to the north, Lansing to the east, Glenwood to the south, and East Hazel Crest & Homewood to the west. O'Hare International Airport is approximately 40 miles from the Village.
Thornton is home of the world's largest commercial limestone quarry. The quarry occupies two-thirds of the city of Thornton. The residential area would fit on the quarry's floor. A thirty-three-story building could be built at the bottom of the hole, and its roof would be level with the surface.
According to data from the Northern Illinois MLS, there were 32 sales of single family homes in 2007. The sales volume was down from 47 sales in 2006. Sales prices increase slightly with the average 2007 sales price at $139,678.00, compared to $137,513.00 in 2006. Marketing times were an average of 74 days on the market, a decrease from the 2006 average of 82 days.
As of January 16, 2008 there are 23 active listings of single family homes in the MLS. At the 2007 level of absorption this is 8.64 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is a oversupply.
To recap 2007 for detached homes, sales volume was down -31.91%, average sales prices were stable, up -1.54%, and the days on the market down -10.81%. This market is oversupplied and the 23 active listings have already been on the market an average of 140 days.
Citywide Services provides residential appraisal service in Thornton, Il. 60476. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. When you need to find an appraiser in Cook County contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Geographic Area: Thornton, Cook County Illinois 60476
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
1,038 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
1,010 |
100.0 |
| 1-unit, detached |
877 |
84.5 |
|
1.00 or less |
986 |
97.6 |
| 1-unit, attached |
17 |
1.6 |
|
1.01 to 1.50 |
24 |
2.4 |
| 2 units |
53 |
5.1 |
|
1.51 or more |
0 |
0.0 |
| 3 or 4 units |
24 |
2.3 |
|
|
|
|
| 5 to 9 units |
13 |
1.3 |
|
Specified owner-occupied units |
815 |
100.0 |
| 10 to 19 units |
49 |
4.7 |
|
VALUE |
|
|
| 20 or more units |
5 |
0.5 |
|
Less than $50,000 |
8 |
1.0 |
| Mobile home |
0 |
0.0 |
|
$50,000 to $99,999 |
340 |
41.7 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
411 |
50.4 |
| |
|
|
|
$150,000 to $199,000 |
48 |
5.9 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
4 |
0.5 |
| 1999 to March 2000 |
0 |
0.0 |
|
$300,000 to $499,999 |
0 |
0.0 |
| 1995 to 1998 |
11 |
1.1 |
|
$500,000 to $999,999 |
4 |
0.5 |
| 1990 to 1994 |
7 |
0.7 |
|
$1,000,000 or more |
0 |
0.0 |
| 1980 to 1989 |
19 |
1.8 |
|
Median (dollars) |
104,900 |
(X) |
| 1970 to 1979 |
69 |
6.6 |
|
|
|
|
| 1960 to 1969 |
231 |
22.3 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
493 |
47.5 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
208 |
20.0 |
|
With a mortgage |
506 |
62.1 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
20 |
2.5 |
| 1 room |
5 |
0.5 |
|
$500 to $699 |
42 |
5.2 |
| 2 rooms |
10 |
1.0 |
|
$700 to $999 |
141 |
17.3 |
| 3 rooms |
38 |
3.7 |
|
$1,000 to $1,499 |
252 |
30.9 |
| 4 rooms |
123 |
11.8 |
|
$1,500 to $1,999 |
40 |
4.9 |
| 5 rooms |
383 |
36.9 |
|
$2,000 or more |
11 |
1.3 |
| 6 rooms |
201 |
19.4 |
|
Median (dollars) |
1,070 |
(X) |
| 7 rooms |
165 |
15.9 |
|
Not mortgaged |
309 |
37.9 |
| 8 rooms |
49 |
4.7 |
|
Median (dollars) |
333 |
(X) |
| 9 or more rooms |
64 |
6.2 |
|
|
|
|
| Median (rooms) |
5.4 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
1,010 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
285 |
35.0 |
| 1999 to March 2000 |
135 |
13.4 |
|
15 to 19 percent |
132 |
16.2 |
| 1995 to 1998 |
238 |
23.6 |
|
20 to 24 percent |
134 |
16.4 |
| 1990 to 1994 |
100 |
9.9 |
|
25 to 29 percent |
85 |
10.4 |
| 1980 to 1989 |
149 |
14.8 |
|
30 to 34 percent |
57 |
7.0 |
| 1970 to 1979 |
125 |
12.4 |
|
35 percent or more |
118 |
14.5 |
| 1969 or earlier |
263 |
26.0 |
|
Not computed |
4 |
0.5 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
151 |
100.0 |
| None |
57 |
5.6 |
|
GROSS RENT |
|
|
| 1 |
397 |
39.3 |
|
Less than $200 |
0 |
0.0 |
| 2 |
391 |
38.7 |
|
$200 to $299 |
0 |
0.0 |
| 3 or more |
165 |
16.3 |
|
$300 to $499 |
22 |
14.6 |
| |
|
|
|
$500 to $749 |
111 |
73.5 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
4 |
2.6 |
| Utility Gas |
982 |
97.2 |
|
$1,000 to $1,499 |
9 |
6.0 |
| Bottled, Tank, or LP gas |
7 |
0.7 |
|
$1,500 or more |
0 |
0.0 |
| Electricity |
21 |
2.1 |
|
No cash rent |
5 |
3.3 |
| Fuel oil, kerosene, etc. |
0 |
0.0 |
|
Median (dollars) |
590 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
0 |
0.0 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
0 |
0.0 |
|
Less than 15 percent |
36 |
23.8 |
| No fuel used |
0 |
0.0 |
|
15 to 19 percent |
38 |
25.2 |
| |
|
|
|
20 to 24 percent |
23 |
15.2 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
18 |
11.9 |
| Lacking complete plumbing facilities |
0 |
0.0 |
|
30 to 34 percent |
21 |
13.9 |
| Lacking complete kitchen facilities |
0 |
0.0 |
|
35 percent or more |
10 |
6.6 |
| No telephone service |
14 |
1.4 |
|
Not computed |
5 |
3.3 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
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