Thompson Housing Market Report May 2025•Sullivan County, New York

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Housing Prices in Thompson, NY

How much do homes in Thompson, NY cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Thompson is a Buyer's Market

Difference Since May 2024

At the same time last year, Thompson was a Neutral Market.

Insight

Thompson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$333,000$201/SqFt
+$71,500
+27.3%

Based on all homes sold in the last 12 months

Insight

Homes in Thompson have sold for 27.3% more than they did a year ago.

Summary: The median home sold price in Thompson was $333,000 in May 2025, up 27.3% from last year, and the median price per square foot was $201.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Monticello
+28.8%
Thompson
+27.3%
Bethel
+14.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$93.7K$247.5K
+164.0%
2$208K$280K
+34.6%
3$275K$290.1K
+5.5%
4$436.5K$450K
+3.1%
5$352K$527K
+49.7%

Summary: Thompson housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +164.0%. The home price for 2 bedroom homes increased by +34.6%. The home price for 3 bedroom homes increased by +5.5%. The home price for 4 bedroom homes increased by +3.1%. The home price for 5 bedroom homes increased by +49.7%.

How does Thompson, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Thompson, NY

Housing supply in Thompson, NY

How many homes are available in Thompson, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
117Last MonthMay 2025
982 months agoApr 2025
+19.4 %
Change MoMApr – May

Summary: The Thompson real estate market had 117 homes for sale in May 2025, a 19.4 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthMay 2025
122 months agoApr 2025
-41.7 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
112
+100.0%
21918
-5.3%
33648
+33.3%
42528
+12.0%
51721
+23.5%

Summary: Thompson housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -5.3%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +12.0%. The inventory for 5 bedroom homes increased by +23.5%.

Asking Price vs. Sold Price

How much do homes in Thompson, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Thompson, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Thompson in May 2025, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and and 29% were sold over asking.

Days on Market for Thompson, NY

How long does it take to sell a home in Thompson, NY?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days4 Homes

Insight

Most homes in Thompson are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 7 homes were sold in Thompson; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
146 DaysThis YearMay 2025
76 Days1 year agoMay 2024
+89.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Thompson had an average listing age of 146 days in May 2025, up by 89.8% compared to the previous year.

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Newest Listings in Thompson, NY

What homes are available in Thompson, NY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, Hudson Valley Catskill Region MLS, Brooklyn MLS, and Pike/Wayne Association of Realtors MLS for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Last updated on: 6/27/2025, 8:41:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/27/2025, 8:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/27/2025, 8:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Pike Wayne Association of REALTORS MLS. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 8:45:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.