Is Thompson, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Thompson has remained a Seller's Market.
Key Takeaway
Thompson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thompson, CT
How much do homes in Thompson, CT cost?
Median Sold Price
$360,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Thompson have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Thompson was $360,000 in April 2024, up 17.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $280K | $327.5K | +17.0% |
| 3 Bedrooms | $329K | $361.8K | +10.0% |
| 4 Bedrooms | $400K | $405K | +1.3% |
| 5+ Bedrooms | $265K | $410K | +54.7% |
Summary: Thompson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 54.7%.
Housing Supply in Thompson, CT
How many homes are available in Thompson, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Thompson real estate market had 35 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 12 | 21 | +75.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Thompson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Thompson in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Thompson, CT
How long does it take to sell a home in Thompson, CT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 38 Days | +744.4% |
Summary: Homes in Thompson had an average of 38 days on market in Apr 2024, up by 744.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thompson has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Thompson; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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