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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casper South is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Casper South, WY

How much do homes in Casper South, WY cost?

Median Sold Price

$495,000

$174/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$80,000(+19.3%)

Key Takeaway

Homes in Casper South have sold for 19.3% more than they did a month ago.

Summary: The median home sold price in Casper South was $495,000 in November 2024, up 19.3% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $130K$200K
+53.8%
2 $238.7K-
N/A
3 $292K$471.3K
+61.4%
4 $415K$415K
0.0%
5+ $725K$595K
-17.9%

Summary: Casper South 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 did not change, 3 bedroom homes increased by 61.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 17.9%.

Median Sold Price Compared To Nearby Cities

Casper South
+19.3%
Casper
+9.3%
Casper North
0.5%
Evansville
-0.7%
Hells Half Acre
-13.5%

Housing Supply in Casper South, WY

How many homes are available in Casper South, WY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10482-21.2%

Summary: The Casper South real estate market had 82 homes for sale in November 2024, a 21.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 75
-28.6%
2 67
+16.7%
3 3427
-20.6%
4 2514
-44.0%
5+ 3229
-9.4%

Summary: The Casper South housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes decreased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2720-25.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casper South, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Casper South in November 2024, down by 25.9% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.

Days on Market for Casper South, WY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
69 Days65 Days-4.7%

Summary: Homes in Casper South had an average of 65 days on market in Nov 2024, down by 4.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 20 homes were sold in Casper South; 5% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 20% 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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