Is Thompson Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thompson Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Thompson Township has remained a Buyer's Market.

Key Takeaway

Thompson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Thompson Township, IL

How much do homes in Thompson Township, IL cost?

Median Sold Price

$230,000

$160/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$85,000(-27.0%)

Key Takeaway

Homes in Thompson Township have sold for 27% less than they did a month ago.

Summary: The median home sold price in Thompson Township was $230,000 in May 2024, down 27% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$230K
N/A
3 $315K-
N/A
4 --
N/A
5+ --
N/A

Summary: Thompson Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thompson Township
-27.0%
Apple River Township
-55.6%

Housing Supply in Thompson Township, IL

How many homes are available in Thompson Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
109-10.0%

Summary: The Thompson Township real estate market had 9 homes for sale in May 2024, a 10.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 32
-33.3%
4 44
0.0%
5+ 11
0.0%

Summary: The Thompson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thompson Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Thompson Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Thompson Township, IL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Thompson Township, IL

Nearby Markets to Thompson Township, IL