$4,155 Closing Credit*
$349,900
2,612 SqFt
6 Beds
•2 Full Baths, 1 Partial
Jared Meehan, Listing Office: RE/MAX Bell Park Realty
Is Thompson, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$363,600
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$15,600(+4.5%)
Key Takeaway
Homes in Thompson have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Thompson was $363,600 in August 2024, up 4.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $341K | +127.3% |
| 2 Bedrooms | $291.4K | $310K | +6.4% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $393.5K | $433K | +10.0% |
| 5+ Bedrooms | $340.2K | $349K | +2.6% |
Summary: Thompson housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Thompson, CT
How many homes are available in Thompson, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Thompson real estate market had 30 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Thompson housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Thompson in August 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 6 Days | 40 Days | +575.0% |
Summary: Homes in Thompson had an average of 40 days on market in Aug 2024, up by 575% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thompson are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 11 homes were sold in Thompson; 9% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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