Is Thompsonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Thompsonville has remained a Seller's Market.
Key Takeaway
Thompsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thompsonville, MI
How much do homes in Thompsonville, MI cost?
Median Sold Price
$678,440
$301/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Thompsonville have sold for 162.6% more than they did a month ago.
Summary: The median home sold price in Thompsonville was $678,440 in March 2024, up 162.6% from last month, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $258.3K | $529.9K | +105.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $939K | N/A |
Summary: Thompsonville housing prices by bedroom type for March 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 increased by 105.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompsonville | $258.3K | $678.4K | +162.6% |
| Weldon Township | $286.7K | $725K | +152.9% |
| Colfax Township | $230K | $529.9K | +130.4% |
Housing Supply in Thompsonville, MI
How many homes are available in Thompsonville, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Summary: The Thompsonville real estate market had 18 homes for sale in March 2024, a 80.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Thompsonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thompsonville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Thompsonville in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Thompsonville, MI
How long does it take to sell a home in Thompsonville, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 146 Days | +93.9% |
Summary: Homes in Thompsonville had an average of 146 days on market in Mar 2024, up by 93.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thompsonville has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Thompsonville; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
