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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mills is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mills was a Neutral Market.

Key Takeaway

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

Housing Prices in Mills, WY

How much do homes in Mills, WY cost?

Median Sold Price

$314,500

$172/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$54,500(-14.8%)

Key Takeaway

Homes in Mills have sold for 14.8% less than they did a month ago.

Summary: The median home sold price in Mills was $314,500 in October 2024, down 14.8% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$240K
N/A
3 $362.5K$365K
+0.7%
4 $391K$329K
-15.9%
5+ $347K$480K
+38.3%

Summary: Mills 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 increased by 0.7%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 38.3%.

Median Sold Price Compared To Nearby Cities

Casper
0.3%
Mills
-14.8%

Housing Supply in Mills, WY

How many homes are available in Mills, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3941+5.1%

Summary: The Mills real estate market had 41 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2122
+4.8%
4 66
0.0%
5+ 44
0.0%

Summary: The Mills 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 increased by 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mills, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Mills in October 2024, up by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Mills, WY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
68 Days76 Days+13.1%

Summary: Homes in Mills had an average of 76 days on market in Oct 2024, up by 13.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Mills; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 22% 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

Newest Listings in Mills, WY

Nearby Markets to Mills, WY

What housing markets are near Mills, WY?