Is 83001, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 83001 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 83001 was a Buyer's Market.

Key Takeaway

83001 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 83001, WY

How much do homes in 83001, WY cost?

Median Sold Price

$2,137,500

$1,035/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$333,250(-13.5%)

Key Takeaway

Homes in 83001 have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in 83001 was $2,137,500 in October 2024, down 13.5% from last year, and the median price per square foot was $1,035.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $850K$800K
-5.9%
2 $1.1M$1.0M
-5.2%
3 $2.2M$1.9M
-13.2%
4 $3.4M$3.1M
-8.8%
5+ $6.0M$4.6M
-23.0%

Summary: 83001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Zip Codes

83014
+85.7%
83001
-13.5%

Housing Supply in 83001, WY

How many homes are available in 83001, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
167150-10.2%

Summary: The 83001 real estate market had 150 homes for sale in October 2024, a 10.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 89
+12.5%
2 2823
-17.9%
3 4840
-16.7%
4 4439
-11.4%
5+ 3939
0.0%

Summary: The 83001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 83001, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 83001 in October 2024, down by 14.3% month-over-month. Of the 20 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for 83001, WY

How long does it take to sell a home in 83001, WY?

Average Sale Time

Oct 2023Oct 2024CHANGE
191 Days117 Days-39.0%

Summary: Homes in 83001 had an average of 117 days on market in Oct 2024, down by 39% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 83001 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 24 homes were sold in 83001; 0% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 58% 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 20 Days Ago

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