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
$585,000
$275/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Thompsonville have sold for 13.8% less than they did a month ago.
Summary: The median home sold price in Thompsonville was $585,000 in April 2024, down 13.8% from last month, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $529.9K | $585K | +10.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $939K | - | N/A |
Summary: Thompsonville housing prices by bedroom type for April 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 10.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompsonville | $678.4K | $585K | -13.8% |
| Weldon Township | $725K | $487.2K | -32.8% |
| Colfax Township | $529.9K | $289K | -45.5% |
Housing Supply in Thompsonville, MI
How many homes are available in Thompsonville, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Thompsonville real estate market had 17 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Thompsonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thompsonville, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Thompsonville in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 146 Days | 44 Days | -69.7% |
Summary: Homes in Thompsonville had an average of 44 days on market in Apr 2024, down by 69.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thompsonville has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Thompsonville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
