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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casper is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Casper has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Casper, WY

How much do homes in Casper, WY cost?

Median Sold Price

$317,000

$163/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$27,000(+9.3%)

Key Takeaway

Homes in Casper have sold for 9.3% more than they did a month ago.

Summary: The median home sold price in Casper was $317,000 in November 2024, up 9.3% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $130K$200K
+53.8%
2 $232.5K$189K
-18.7%
3 $279K$235K
-15.8%
4 $365K$316K
-13.4%
5+ $536K$470K
-12.3%

Summary: Casper housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Cities

Casper South
+19.3%
Casper
+9.3%
Casper North
0.5%
Evansville
-0.7%
Mills
-56.8%

Housing Supply in Casper, WY

How many homes are available in Casper, WY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
356302-15.2%

Summary: The Casper real estate market had 302 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 95
-44.4%
2 3530
-14.3%
3 127105
-17.3%
4 10695
-10.4%
5+ 7967
-15.2%

Summary: The Casper housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 15.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10782-23.4%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casper, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Casper in November 2024, down by 23.4% month-over-month. Of the 77 sold homes, 55% were sold under asking, 30% were sold at asking, and 16% were sold over asking.

Days on Market for Casper, WY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
63 Days63 Days0.0%

Summary: Homes in Casper had an average of 63 days on market in Nov 2024, up by 0% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

58 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Casper has remained consistent over time.

Summary: During November 2024, 82 homes were sold in Casper; 11% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 18% 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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