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Is Thornton, IA 50479 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Thornton is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market30Listing to accepted offer
Median price per sq ft$133▲ +43.6% vs. last year

The Thornton housing market right now

In the three months ending August 31, 2026, 0% of homes in Thornton, IA 50479 sold above their list price and the typical home went under contract in 30 days. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (80 days then) and the median sale price rose 70% to $264,885. Overall, Thornton is more competitive than a year ago, so tougher for buyers.

Within Cerro Gordo County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Mason City 50401 (25% sold over asking) and Clear Lake 50428 (13% sold over asking) are even more competitive.

Run the numbers for 50479

Prefilled for 50479Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50479Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clear Lake 50428Balanced $232 /sq ftMason City 50401Seller’s market $123 /sq ftPlymouth 50464Seller’s market $101 /sq ftRock Falls 50467 — /sq ft Browse all markets →

Where Thornton is

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Questions about Thornton real estate

How fast do homes sell in Thornton?

The typical home went under contract in 30 days in the latest three months.

Do homes in Thornton sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Thornton?

About 1.45% of a home’s value a year in Cerro Gordo County, or roughly $5,800 on a $400,000 home.

What is the median home price in Thornton?

The median sale price was $264,885 in the three months ending August 31, 2026, about $133 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology