$6,888 Closing Credit*
$580,000
1,772 SqFt
4 Beds
•2 Full Baths, 1 Partial
Ciara Malone, Bruce Simon, Listing Office: Jackson Hole Sotheby's International Realty
Is 83118, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 83118 was a Seller's Market.
Key Takeaway
83118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 83118, WY
How much do homes in 83118, WY cost?
Median Sold Price
$785,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$195,000(+33.1%)
Key Takeaway
Homes in 83118 have sold for 33.1% more than they did a year ago.
Summary: The median home sold price in 83118 was $785,000 in October 2024, up 33.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $685K | - | N/A |
| 2 Bedrooms | $485K | $760K | +56.7% |
| 3 Bedrooms | $515K | $650K | +26.2% |
| 4 Bedrooms | $1.1M | $674K | -42.6% |
| 5+ Bedrooms | $1.5M | $1.0M | -30.3% |
Summary: 83118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.7%, 3 bedroom homes increased by 26.2%, 4 bedroom homes decreased by 42.6%, and 5+ bedroom homes decreased by 30.3%.
Housing Supply in 83118, WY
How many homes are available in 83118, WY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The 83118 real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 83118 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 83118, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 83118 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 83118, WY
How long does it take to sell a home in 83118, WY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 137 Days | 46 Days | -66.2% |
Summary: Homes in 83118 had an average of 46 days on market in Oct 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 83118 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 83118; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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