Is Casper, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Casper has remained a Seller's Market.
Key Takeaway
Casper is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Casper, WY
How much do homes in Casper, WY cost?
Median Sold Price
$306,050
$167/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Casper have sold for 6% more than they did a month ago.
Summary: The median home sold price in Casper was $306,050 in May 2024, up 6% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.6K | - | N/A |
| 2 Bedrooms | $203K | $160K | -21.2% |
| 3 Bedrooms | $249.5K | $266.5K | +6.8% |
| 4 Bedrooms | $340K | $474K | +39.4% |
| 5+ Bedrooms | $440K | $584K | +32.7% |
Summary: Casper housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Casper North | $362.5K | $413.5K | +14.1% |
| Casper | $288.7K | $306K | +6.0% |
| Casper South | $667.5K | $618K | -7.4% |
| Evansville | $349.7K | $287.2K | -17.9% |
| Mills | $225.2K | $180.5K | -19.9% |
Housing Supply in Casper, WY
How many homes are available in Casper, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 280 | 261 | -6.8% |
Summary: The Casper real estate market had 261 homes for sale in May 2024, a 6.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 37 | 36 | -2.7% |
| 3 Bedrooms | 94 | 87 | -7.4% |
| 4 Bedrooms | 88 | 78 | -11.4% |
| 5+ Bedrooms | 55 | 56 | +1.8% |
Summary: The Casper housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Casper, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 82 homes were sold or pending in Casper in May 2024, the same as the previous month. Of the 70 sold homes, 39% were sold under asking, 40% were sold at asking, and 21% were sold over asking.
Days on Market for Casper, WY
How long does it take to sell a home in Casper, WY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 63 Days | +2.9% |
Summary: Homes in Casper had an average of 63 days on market in May 2024, up by 2.9% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Casper has remained consistent over time.
Summary: During May 2024, 82 homes were sold in Casper; 27% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Wyoming MLS. All Rights Reserved.