Is Thompson, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thompson is a seller's market

Buyer's
Market

Difference Since December 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

$364,300

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,300(+2.0%)

Key Takeaway

Homes in Thompson have sold for 2% more than they did a year ago.

Summary: The median home sold price in Thompson was $364,300 in December 2024, up 2% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150K$435.5K
+190.3%
2 $305K$310K
+1.6%
3 $360K$371.5K
+3.2%
4 $405K$433K
+6.9%
5+ $410K$357K
-12.9%

Summary: Thompson housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 190.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Cities

Putnam
+14.0%
Webster
+6.6%
Thompson
+2.0%

Housing Supply in Thompson, CT

How many homes are available in Thompson, CT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3228-12.5%

Summary: The Thompson real estate market had 28 homes for sale in December 2024, a 12.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 89
+12.5%
3 1712
-29.4%
4 22
0.0%
5+ 33
0.0%

Summary: The Thompson housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thompson, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Thompson in December 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.

Days on Market for Thompson, CT

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 4 Days Ago

Newest Listings in Thompson, CT

Nearby Markets to Thompson, CT

What housing markets are near Thompson, CT?