Is Thompson, IA 50478 a buyer’s or seller’s market?
Thompson is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Thompson housing market right now
In the three months ending August 31, 2026, 0% of homes in Thompson, IA 50478 sold above their list price, the typical home went under contract in 100 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (130 days then) and the median sale price rose 69% to $98,707. Overall, Thompson is more competitive than a year ago, so tougher for buyers.
Within Winnebago County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Lake Mills 50450 (38% sold over asking) and Forest City 50436 (13% sold over asking) are even more competitive.
Run the numbers for 50478
Nearby markets
Buffalo Center 50424Buyer’s market $48 /sq ftForest City 50436Buyer’s market $96 /sq ftLake Mills 50450Seller’s market $116 /sq ftLeland 50453Buyer’s market $95 /sq ft Browse all markets →Where Thompson is
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Questions about Thompson real estate
Is Thompson a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Thompson, IA 50478 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Thompson?
The typical home went under contract in 100 days in the latest three months.
Do homes in Thompson sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Thompson?
About 1.32% of a home’s value a year in Winnebago County, or roughly $5,280 on a $400,000 home.
What is the median home price in Thompson?
The median sale price was $98,707 in the three months ending August 31, 2026, about $78 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology