Is 82240, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 82240 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 82240 was a Buyer's Market.

Key Takeaway

82240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 82240, WY

How much do homes in 82240, WY cost?

Median Sold Price

$277,500

$116/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$69,500(-20.0%)

Key Takeaway

Homes in 82240 have sold for 20% less than they did a month ago.

Summary: The median home sold price in 82240 was $277,500 in October 2024, down 20% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $347K$275K
-20.7%
4 $215K$299K
+39.1%
5+ $429K-
N/A

Summary: 82240 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes did not change.

Housing Supply in 82240, WY

How many homes are available in 82240, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
58580.0%

Summary: The 82240 real estate market had 58 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 911
+22.2%
3 1920
+5.3%
4 1716
-5.9%
5+ 1210
-16.7%

Summary: The 82240 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
312+300.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 82240, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 82240 in October 2024, up by 300.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.

Days on Market for 82240, WY

How long does it take to sell a home in 82240, WY?

Average Sale Time

Sep 2024Oct 2024CHANGE
45 Days146 Days+225.4%

Summary: Homes in 82240 had an average of 146 days on market in Oct 2024, up by 225.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 82240 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 12 homes were sold in 82240; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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