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Is Thompson, ND 58278 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Thompson is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$209▼ −6.6% vs. last year

The Thompson housing market right now

In the three months ending August 31, 2026, 0% of homes in Thompson, ND 58278 sold above their list price, the typical home went under contract in 19 days and there were 4.5 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 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (28 days then) and the median sale price held steady to $418,819. Overall, Thompson is less competitive than a year ago, which gives buyers more room.

Within Grand Forks County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Grand Forks 58203 (14% sold over asking) and Grand Forks 58201 (6% sold over asking) are even more competitive.

Run the numbers for 58278

Prefilled for 58278Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58278Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arvilla 58214Seller’s market $221 /sq ftEmerado 58228Balanced $146 /sq ftGilby 58235 — /sq ftGrand Forks 58201Seller’s market $263 /sq ft Browse all markets →

Towns like Thompson nearby

Find towns like Thompson in other states →
Larimore, ND58251 · 26 miles away79% similarcheaper homes ($81K less) Hillsboro, ND58045 · 27 miles away72% similarcheaper homes ($102K less) · more renters Northwood, ND58267 · 24 miles away56% similarcheaper homes ($96K less) · younger residents East Grand Forks, MN56721 · 11 miles away48% similarlower income ($29K less) · cheaper homes ($54K less)

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 4.5 months of supply in Thompson, ND 58278 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 19 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 100.0% of the list price.

What are property taxes in Thompson?

About 1.15% of a home’s value a year in Grand Forks County, or roughly $4,600 on a $400,000 home.

What is the median home price in Thompson?

The median sale price was $418,819 in the three months ending August 31, 2026, about $209 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