Is Thomson, IL 61285 a buyer’s or seller’s market?
Thomson 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.
The Thomson housing market right now
In the three months ending August 31, 2026, 0% of homes in Thomson, IL 61285 sold above their list price, the typical home went under contract in 75 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 more slowly (11 days then) and the median sale price rose 4% to $128,444. Overall, Thomson is less competitive than a year ago, which gives buyers more room.
Within Carroll County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Chadwick 61014 (100% sold over asking) and Milledgeville 61051 (50% sold over asking) are even more competitive.
Run the numbers for 61285
Nearby markets
Chadwick 61014Buyer’s market $70 /sq ftLanark 61046Seller’s market $141 /sq ftMilledgeville 61051Balanced $89 /sq ftMount Carroll 61053Balanced $82 /sq ft Browse all markets →Towns like Thomson nearby
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Questions about Thomson real estate
Is Thomson a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Thomson, IL 61285 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 Thomson?
The typical home went under contract in 75 days in the latest three months.
Do homes in Thomson sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Thomson?
About 1.99% of a home’s value a year in Carroll County, or roughly $7,960 on a $400,000 home.
What is the median home price in Thomson?
The median sale price was $128,444 in the three months ending August 31, 2026, about $128 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