Is Rawlins, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Rawlins was a Seller's Market.
Key Takeaway
Rawlins is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rawlins, WY
How much do homes in Rawlins, WY cost?
Median Sold Price
$127,200
$109/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Rawlins have sold for 37% less than they did a month ago.
Summary: The median home sold price in Rawlins was $127,200 in May 2024, down 37% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $127.2K | -27.3% |
| 3 Bedrooms | $217K | $105.2K | -51.5% |
| 4 Bedrooms | $283K | - | N/A |
| 5+ Bedrooms | $175K | - | N/A |
Summary: Rawlins 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 27.3%, 3 bedroom homes decreased by 51.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Rawlins, WY
How many homes are available in Rawlins, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 57 | -9.5% |
Summary: The Rawlins real estate market had 57 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Rawlins housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rawlins, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Rawlins in May 2024, down by 27.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Rawlins, WY
How long does it take to sell a home in Rawlins, WY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 Days | 98 Days | -1.1% |
Summary: Homes in Rawlins had an average of 98 days on market in May 2024, down by 1.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rawlins are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 8 homes were sold in Rawlins; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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.