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THOMPSON, ND 58278

Real Estate Market Report  ·  Grand Forks County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
vs 3 last year
Pending
1
33% pending ratio
Median Price
$885,000
⇧ 65.5% vs $534,675 last year
Average Price
$885,000
⇧ 72% vs $514,525 last year
Days on Market
75
⇧ 368.8% vs 16 days last year

Market Context

Population: 1,882  ·  Density: 6.9/mi²  ·  Median household income: $94,125

Typical home value: $283,528  ·  Homeownership: 91.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The THOMPSON, ND real estate market (58278) currently shows 3 active listings, with 1 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 75 days on market compared to 16 days last year.

The median listing price has risen 65.5% year-over-year, from $534,675 to $885,000.

Whether you are buying or selling in THOMPSON, ND, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 75 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $885,000 (+65.5% YoY)
  • Average: $885,000 (+72% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 32.4 miles — 174 listings ($77,296,545 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
58278Thompson, ND 582780.0 mi3$2,655,000$885,000$885,000
58201Grand Forks, ND 582016.4 mi107$60,161,927$499,999$562,261
58218Buxton, ND 5821813.0 mi5$1,485,400$264,500$297,080
56723Fisher, MN 5672315.2 mi2$845,000$422,500$422,500
56523Climax, MN 5652317.8 mi2$289,000$144,500$144,500
58240Hatton, ND 5824018.9 mi3$1,059,900$430,000$353,300
58257Mayville, ND 5825721.1 mi8$1,764,000$238,500$220,500
58274Portland, ND 5827425.9 mi1$49,900$49,900$49,900
56716Crookston, MN 5671626.9 mi33$6,410,316$190,000$194,252
58045Hillsboro, ND 5804527.7 mi6$1,311,402$232,500$218,567
58251Larimore, ND 5825128.5 mi1$215,000$215,000$215,000
56744Oslo, MN 5674431.6 mi3$1,049,700$349,900$349,900
58016Clifford, ND 5801632.4 mi0$0$159,000$159,000

Frequently Asked Questions

How many homes are for sale in THOMPSON, ND 58278?

As of January 2026, there are 3 active listings in THOMPSON, ND (zip code 58278), compared to 3 the prior year.

What is the median home price in THOMPSON, ND 58278?

The median listing price in THOMPSON, ND 58278 is $885,000 as of January 2026, a 65.5% increase from $534,675 the prior year.

How long do homes stay on the market in THOMPSON, ND?

Homes in THOMPSON, ND 58278 spend an average of 75 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in THOMPSON, ND 58278?

Based on current inventory and days-on-market data as of January 2026, THOMPSON, ND 58278 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 75 days on market compared to 16 days last year.

How much can I save on real estate commission in THOMPSON, ND?

With SELL123.com's maximum 3% commission, sellers in THOMPSON, ND 58278 save an estimated $17,700 compared to a typical 5% commission on the median listing price of $885,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.