Is Thompsonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thompsonville has remained a Buyer's Market.
Housing Prices in Thompsonville, MI
How much do homes in Thompsonville, MI cost?
Median Sold Price
$251,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thompsonville was $251,000 in May 2024, down 33.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $231K | N/A |
2 Bedrooms | $387.7K | $247K | -36.3% |
3 Bedrooms | $180.5K | $257K | +42.4% |
4 Bedrooms | $485K | $907.5K | +87.1% |
5+ Bedrooms | - | $939K | N/A |
Summary: Thompsonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.3%, 3 bedroom homes increased by 42.4%, 4 bedroom homes increased by 87.1%, and 5+ bedroom homes did not change.
Housing Supply in Thompsonville, MI
How many homes are available in Thompsonville, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 27 | +68.8% |
Summary: The Thompsonville real estate market had 27 homes for sale in May 2024, a 68.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 0 | 7 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Thompsonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Thompsonville in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 19 Days | -60.4% |
Summary: Homes in Thompsonville had an average of 19 days on market in May 2024, down by 60.4% 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
Summary: During May 2024, 2 homes were sold in Thompsonville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.