Is Thomson, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thomson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Thomson has remained a Seller's Market.

Key Takeaway

Thomson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Thomson, IL

How much do homes in Thomson, IL cost?

Median Sold Price

$240,000

$145/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$24,000(-9.1%)

Key Takeaway

Homes in Thomson have sold for 9.1% less than they did a month ago.

Summary: The median home sold price in Thomson was $240,000 in April 2024, down 9.1% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$340K
N/A
3 $264K$140K
-47.0%
4 --
N/A
5+ --
N/A

Summary: Thomson housing prices by bedroom type for April 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 decreased by 47%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thomson
-9.1%
York Township
-9.1%

Housing Supply in Thomson, IL

How many homes are available in Thomson, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54-20.0%

Summary: The Thomson real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 31
-66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Thomson housing inventory by bedroom type for April 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Thomson, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Thomson in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Thomson, IL

How long does it take to sell a home in Thomson, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
1 Day4 Days+350.0%

Summary: Homes in Thomson had an average of 4 days on market in Apr 2024, up by 350% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Thomson are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Thomson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Thomson, IL

Nearby Markets to Thomson, IL