$8,894 Closing Credit*
$749,000
6 Beds
Listing Office: Rodeo Realty Inc
Is Thompson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Thompson was a Seller's Market.
Key Takeaway
Thompson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thompson, NY
How much do homes in Thompson, NY cost?
Median Sold Price
$300,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+25.0%)
Key Takeaway
Homes in Thompson have sold for 25% more than they did a year ago.
Summary: The median home sold price in Thompson was $300,000 in November 2024, up 25% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $102.5K | -2.4% |
| 2 Bedrooms | $188K | $261K | +38.8% |
| 3 Bedrooms | $261.3K | $285K | +9.0% |
| 4 Bedrooms | $400K | $450K | +12.5% |
| 5+ Bedrooms | $300.5K | $500K | +66.4% |
Summary: Thompson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 38.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 66.4%.
Median Sold Price Compared To Nearby Cities
| Monticello | $208.5K | $285K | +36.7% |
| Thompson | $240K | $300K | +25.0% |
| Bethel | $277K | $285K | +2.9% |
Housing Supply in Thompson, NY
How many homes are available in Thompson, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 106 | -7.0% |
Summary: The Thompson real estate market had 106 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 19 | -17.4% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Thompson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Thompson in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Thompson, NY
How long does it take to sell a home in Thompson, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 30 Days | -36.4% |
Summary: Homes in Thompson had an average of 30 days on market in Nov 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Thompson are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Thompson; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.