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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Platte County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Platte County was a Neutral Market.

Key Takeaway

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

Housing Prices in Platte County, WY

How much do homes in Platte County, WY cost?

Median Sold Price

$223,250

$112/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,750(-0.8%)

Key Takeaway

Homes in Platte County have sold for 0.8% less than they did a month ago.

Summary: The median home sold price in Platte County was $223,250 in October 2024, down 0.8% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $139.9K-
N/A
2 $225K$144.9K
-35.6%
3 $295K$230K
-22.0%
4 -$277K
N/A
5+ $277.5K-
N/A

Summary: Platte 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 decreased by 35.6%, 3 bedroom homes decreased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Converse County
+37.2%
Platte County
-0.8%
Goshen County
-20.0%

Housing Supply in Platte County, WY

How many homes are available in Platte County, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4839-18.8%

Summary: The Platte County real estate market had 39 homes for sale in October 2024, a 18.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1311
-15.4%
3 1814
-22.2%
4 99
0.0%
5+ 53
-40.0%

Summary: The Platte County 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Platte County, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Platte County in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.

Days on Market for Platte County, WY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
68 Days91 Days+32.3%

Summary: Homes in Platte County had an average of 91 days on market in Oct 2024, up by 32.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Platte County has remained consistent over time.

Summary: During October 2024, 10 homes were sold in Platte County; 10% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 30% 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 Platte County, WY

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