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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lander is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lander was a Buyer's Market.

Key Takeaway

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

Housing Prices in Lander, WY

How much do homes in Lander, WY cost?

Median Sold Price

$315,000

$265/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$35,000(-10.0%)

Key Takeaway

Homes in Lander have sold for 10% less than they did a month ago.

Summary: The median home sold price in Lander was $315,000 in October 2024, down 10% from last month, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $275K$223K
-18.9%
2 $465K$282.5K
-39.2%
3 $350K$400K
+14.3%
4 $350K$350K
0.0%
5+ $592K-
N/A

Summary: Lander housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 39.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lander, WY

How many homes are available in Lander, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6759-11.9%

Summary: The Lander real estate market had 59 homes for sale in October 2024, a 11.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1311
-15.4%
3 3632
-11.1%
4 119
-18.2%
5+ 45
+25.0%

Summary: The Lander housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lander, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Lander in October 2024, up by 22.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Lander, WY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
127 Days127 Days-0.3%

Summary: Homes in Lander had an average of 127 days on market in Oct 2024, down by 0.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Lander; 9% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 45% 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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