Thornhill Real Estate Statistics

Thornhill Real Estate Price Trend
Thornhill real estate average sold price in the last 30 days (February 17 - March 17) was $1,137,101, which is $64,443 (5.7%) lower than the average price of $1,201,544 in the previous 30 day period (January 18 - February 16), and $28,305 (2.5%) down from the same period 1 year ago ($1,165,406). Thornhill real estate prices over the last 30 days are also $49,039 (4.3%) lower than the average selling price of $1,186,140 over the past year.
Thornhill average sold price for homes was $1,650,160 in the last 30 days (February 17 - March 17), which is $320,090 (19.4%) down from the average home price of $1,970,250 in the previous 30 day period (January 18 - February 16), and $132,340 (8.0%) lower than the same period 1 year ago ($1,782,500). In the last 30 days Thornhill the average home price was $192,452 (11.7%) lower than the average selling price of $1,842,612 over the last 12 months.
Average Thornhill condo sold price over the last 30 days (February 17 - March 17) was $689,884. During this period it was $29,159 (4.2%) down from the average price of condo of $719,043 during the previous 30 days (January 18 - February 16), and $33,784 (4.9%) lower compared to the same period 1 year ago ($723,668). In the last 30 days Thornhill the average condo price was $17,286 (2.5%) lower than the average selling price of $707,170 over the last year.
Average sold price of Thornhill townhouse was $987,250 in the last 30 days (February 17 - March 17), down $105,040 (10.6%) from the average townhome price of $1,092,290 over the previous 30 days (January 18 - February 16), and $110,464 (11.2%) lower than during to the same period 1 year ago ($1,097,714). Over the last 30 days the average townhouse price in Thornhill was $4,735 (0.5%) lower compared to the average selling price of $991,985 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Thornhill real estate was $1,137,101 in the last 30 days (February 17 - March 17), which is collectively $36,110 (2.6%) higher than the average asking price of $1,393,999. This represents an increase of $7,825 (27.7%) compared to $28,285 (2.3%) Sold-Over-Asking price from the previous 30 day period (January 18 - February 16).
The maximum Sold Over/Under Asking ratio in Thornhill during the last 12 months was recorded in June, 2023 with an average of $78,960 over the asking price, while the minimum occurring in November, 2023 with $89,013 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Thornhill was 64.8% with 59 properties sold and 75 new properties listed in the past 30 days (February 17 - March 17). This represents a decrease from 66.7% recorded during the previous 30 day period (January 18 - February 16), and a decrease from 87.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Thornhill was 139.4% recorded in July and the lowest was in September at 32.8%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 59 properties that were successfully sold in Thornhill in the last 30 days (February 17 - March 17) was 13 days, which is 15 days less than 28 days average in the previous 30 day period (January 18 - February 16) and 12 days shorter than during the same period a year ago (25 days).
There were 41 delisted properties in Thornhill, those that got either Expired, Suspended or Terminated over the last 30 days (February 17 - March 17) with an average of 67 days on the market. This is 3 days shorter than the average of 70 days during the previous 30 day period (January 18 - February 16) and 7 days more compared to the same period last year average of 60 days on the market.
41 Thornhill properties that didn't sell stayed on the market 415.4% longer than 59 that sucessfully sold over the last 30 days - 13 days when sold vs 67 days when delisted respectively.
Average Days on the Market in Thornhill over the past 12 months for properties that have sold was 20.8 days, with 54.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
91 new properties were listed on the market in Thornhill in the last 30 days (February 17 - March 17). During the same time 59 properties were sold and 41 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 9 properties (or 9.9%).
During the previous 30 day period (January 18 - February 16) there were 75 new properties listed, 50 sold and 51 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 125 new properties listed, the slowest - December with 39 new listings and a yearly average of 92 new listings per month.
New Real Estate Listings by Property Type
There were a total of 38 homes listed during the last 30 days (February 17 - March 17), which is 41.8% of all properties listed in Thornhill. This is a 46.2% increase compared with a previous 30 day period (January 18 - February 16) and 65.2% up from the same period a year ago. Over the past year an average of 37 homes are were listed per month.
38 condo units were listed in the last 30 days (February 17 - March 17) in Thornhill, which represents 41.8% of all new listings. This is up 11.8% from the prior 30 day period (January 18 - February 16) and 46.2% more compared to the same period last year. There were 39 condos listed per month on average during the last 12 months.
15 townhomes were listed over the last 30 days (February 17 - March 17) in Thornhill, which is 16.5% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (January 18 - February 16) and 7.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 16 a month.
Real Estate Sales by Property Type
There were a total of 25 homes sold during the last 30 days (February 17 - March 17), which is 42.4% of all properties sold in Thornhill. This is a 56.2% increase compared with a previous 30 day period (January 18 - February 16) and 38.9% up from the same period a year ago. Over the past year an average of 24 homes are were sold per month.
26 condo units were sold in the last 30 days (February 17 - March 17) in Thornhill, which represents 44.1% of all sold properties. This is up 13.0% from the prior 30 day period (January 18 - February 16) and 13.0% more compared to the same period last year. There were 25 condos sold per month on average during the last 12 months.
8 townhomes were sold over the last 30 days (February 17 - March 17) in Thornhill, which is 13.6% of all sold real estate. This is a 27.3% less than during the previous 30 day period (January 18 - February 16) and 42.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 13 a month.
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