Thorncreek Township Housing Market Report May 2025Whitley County, Indiana

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Housing Prices in Thorncreek Township, IN

How much do homes in Thorncreek Township, IN cost?

Housing Market Conditions

Is Thorncreek Township, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Thorncreek Township is a Neutral Market

Difference Since April 2025

Last month, Thorncreek Township was a Seller's Market.

Insight

Thorncreek Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$351,000$171/SqFt
-$61,500
-14.9%

Based on all homes sold in May 2025

Insight

Homes in Thorncreek Township have sold for 14.9% less than they did a month ago.

Summary: The median home sold price in Thorncreek Township was $351,000 in May 2025, down 14.9% from last month, and the median price per square foot was $171.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Columbia Township
+18.0%
Smith Township
-10.0%
Noble Township
-12.2%
Thorncreek Township
-14.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1--
N/A
2--
N/A
3$335K$351K
+4.8%
4$412.5K$432K
+4.7%
5--
N/A

Summary: Thorncreek Township housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +4.8%. The home price for 4 bedroom homes increased by +4.7%. The home price for 5 bedroom homes did not change.

How does Thorncreek Township, IN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Thorncreek Township, IN

Housing supply in Thorncreek Township, IN

How many homes are available in Thorncreek Township, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthMay 2025
222 months agoApr 2025
+9.1 %
Change MoMApr – May

Summary: The Thorncreek Township real estate market had 24 homes for sale in May 2025, a 9.1 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthMay 2025
52 months agoApr 2025
-20.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
212
+100.0%
31414
0.0%
477
0.0%
501
+100.0%

Summary: Thorncreek Township housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Thorncreek Township, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Thorncreek Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Thorncreek Township in May 2025, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and and 50% were sold over asking.

Days on Market for Thorncreek Township, IN

How long does it take to sell a home in Thorncreek Township, IN?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During May 2025, 4 homes were sold in Thorncreek Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
2 DaysLast MonthMay 2025
92 Days1 month agoApr 2025
-97.8 %
Change MoMApr – May

Summary: Homes in Thorncreek Township had an average listing age of 2 days in May 2025, down by 97.8% compared to the previous month.

Newest Listings in Thorncreek Township, IN

What homes are available in Thorncreek Township, IN?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, for the period 04/01/2025 - 06/01/2025

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 8:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.