$345,000
82.54 Acres
Land
John Solomon, Listing Office: Key Realty One-TC
Is Thompsonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Thompsonville was a Seller's Market.
Key Takeaway
Thompsonville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Thompsonville, MI
How much do homes in Thompsonville, MI cost?
Median Sold Price
$288,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,500(+34.2%)
Key Takeaway
Homes in Thompsonville have sold for 34.2% more than they did a year ago.
Summary: The median home sold price in Thompsonville was $288,500 in October 2024, up 34.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $175K | -20.8% |
| 2 Bedrooms | $272.1K | $289.7K | +6.5% |
| 3 Bedrooms | $174K | $289K | +66.1% |
| 4 Bedrooms | $907.5K | $415K | -54.3% |
| 5+ Bedrooms | - | $939K | N/A |
Summary: Thompsonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 66.1%, 4 bedroom homes decreased by 54.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Thompsonville real estate market had 33 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Thompsonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompsonville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Thompsonville in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 80 Days | +65.3% |
Summary: Homes in Thompsonville had an average of 80 days on market in Oct 2024, up by 65.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 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 October 2024, 5 homes were sold in Thompsonville; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
