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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mills is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mills was a Seller's Market.

Key Takeaway

Mills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mills, WY

How much do homes in Mills, WY cost?

Median Sold Price

$149,900

$130/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$197,100(-56.8%)

Key Takeaway

Homes in Mills have sold for 56.8% less than they did a month ago.

Summary: The median home sold price in Mills was $149,900 in November 2024, down 56.8% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $181K$51K
-71.8%
3 $365K$149.9K
-58.9%
4 $382K$417.5K
+9.3%
5+ $480K-
N/A

Summary: Mills housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.8%, 3 bedroom homes decreased by 58.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Casper
+9.3%
Mills
-56.8%

Housing Supply in Mills, WY

How many homes are available in Mills, WY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4338-11.6%

Summary: The Mills real estate market had 38 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2522
-12.0%
4 65
-16.7%
5+ 42
-50.0%

Summary: The Mills housing inventory by bedroom type for November 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 decreased by 12%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mills, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Mills in November 2024, down by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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

Oct 2024Nov 2024CHANGE
99 Days103 Days+4.1%

Summary: Homes in Mills had an average of 103 days on market in Nov 2024, up by 4.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Mills are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in Mills; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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

Newest Listings in Mills, WY

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