Is Rock Springs, 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, Rock Springs has remained a Seller's Market.
Key Takeaway
Rock Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rock Springs, WY
How much do homes in Rock Springs, WY cost?
Median Sold Price
$260,000
$130/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Rock Springs have sold for 10.5% less than they did a month ago.
Summary: The median home sold price in Rock Springs was $260,000 in May 2024, down 10.5% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.9K | - | N/A |
| 2 Bedrooms | $142K | $157K | +10.6% |
| 3 Bedrooms | $285K | $252.5K | -11.4% |
| 4 Bedrooms | $294.9K | $262.4K | -11.0% |
| 5+ Bedrooms | $505K | $520K | +3.0% |
Summary: Rock Springs 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 increased by 10.6%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Green River North | $247.5K | $269.9K | +9.1% |
| Rock Springs | $290.5K | $260K | -10.5% |
| Rock Springs North | $290.5K | $260K | -10.5% |
Housing Supply in Rock Springs, WY
How many homes are available in Rock Springs, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 99 | -13.2% |
Summary: The Rock Springs real estate market had 99 homes for sale in May 2024, a 13.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 44 | 39 | -11.4% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Rock Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Springs, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Rock Springs in May 2024, up by 6.9% month-over-month. Of the 25 sold homes, 56% were sold under asking, 36% were sold at asking, and 8% were sold over asking.
Days on Market for Rock Springs, WY
How long does it take to sell a home in Rock Springs, WY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 89 Days | +1.1% |
Summary: Homes in Rock Springs had an average of 89 days on market in May 2024, up by 1.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rock Springs has remained consistent over time.
Summary: During May 2024, 31 homes were sold in Rock Springs; 16% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 32% 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.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.