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Friday, April 19, 2024

Thomson home prices fall in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Thomson fell by $64,250 while total sales increased by 50%, according to BlockShopper.com.

From October through December of 2019, there were three homes sold, with a median sale price of $42,750 - a 60% decrease over the $107,000 median sale price for the same period of the previous year. There were two homes sold in Thomson in the fourth quarter of 2018.

The median sales tax in Thomson for the most recent year with available data, 2018, was $1,792, approximately 4.2% of the median home sale price for the fourth quarter of 2019.

The following table compares Thomson to other Carroll County cities in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Lanark914-35.7%$100,000$16,000525%
Chadwick110%$87,500$45,00094.4%
Milledgeville63100%$65,950$70,000-5.8%
Mount Carroll67-14.3%$65,700$83,775-21.6%
Savanna21205%$45,000$35,50026.8%
Thomson3250%$42,750$107,000-60%
Shannon515-66.7%$30,000$60,000-50%

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