Is Hot Springs County, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hot Springs County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Hot Springs County was a Neutral Market.

Key Takeaway

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

Housing Prices in Hot Springs County, WY

How much do homes in Hot Springs County, WY cost?

Median Sold Price

$213,000

$134/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$81,000(-27.6%)

Key Takeaway

Homes in Hot Springs County have sold for 27.6% less than they did a month ago.

Summary: The median home sold price in Hot Springs County was $213,000 in October 2024, down 27.6% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $290K$214K
-26.2%
4 $298K$220K
-26.2%
5+ -$197.5K
N/A

Summary: Hot Springs County 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 26.2%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Fremont County
-3.7%
Hot Springs County
-27.6%
Washakie County
-29.1%

Housing Supply in Hot Springs County, WY

How many homes are available in Hot Springs County, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2522-12.0%

Summary: The Hot Springs County real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 45
+25.0%
3 117
-36.4%
4 78
+14.3%
5+ 22
0.0%

Summary: The Hot Springs County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hot Springs County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Hot Springs County in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hot Springs County, WY

How long does it take to sell a home in Hot Springs County, WY?

Average Sale Time

Sep 2024Oct 2024CHANGE
118 Days118 Days-0.6%

Summary: Homes in Hot Springs County had an average of 118 days on market in Oct 2024, down by 0.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 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 Hot Springs County has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Hot Springs County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Hot Springs County, WY

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