$3,266 Closing Credit*
$275,000
2,298 SqFt
3 Beds
•2 Baths
Listing Office: Altitude Real Estate, LLC
Is Rock Springs, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rock Springs has remained a Seller's Market.
Key Takeaway
Rock Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rock Springs, WY
How much do homes in Rock Springs, WY cost?
Median Sold Price
$237,500
$134/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$41,500(-14.9%)
Key Takeaway
Homes in Rock Springs have sold for 14.9% less than they did a month ago.
Summary: The median home sold price in Rock Springs was $237,500 in November 2024, down 14.9% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $174.5K | -3.1% |
| 3 Bedrooms | $250K | $235K | -6.0% |
| 4 Bedrooms | $324.5K | $255K | -21.4% |
| 5+ Bedrooms | $670K | $307.5K | -54.1% |
Summary: Rock Springs 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 3.1%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 54.1%.
Median Sold Price Compared To Nearby Cities
| Rock Springs North | $279K | $240K | -14.0% |
| Rock Springs | $279K | $237.5K | -14.9% |
| Green River North | $279K | $183.7K | -34.1% |
Housing Supply in Rock Springs, WY
How many homes are available in Rock Springs, WY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 81 | -8.0% |
Summary: The Rock Springs real estate market had 81 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Rock Springs 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 decreased by 25%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Springs, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Rock Springs in November 2024, down by 11.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% were sold over asking.
Days on Market for Rock Springs, WY
How long does it take to sell a home in Rock Springs, WY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 73 Days | -5.3% |
Summary: Homes in Rock Springs had an average of 73 days on market in Nov 2024, down by 5.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rock Springs has remained consistent over time.
Summary: During November 2024, 23 homes were sold in Rock Springs; 13% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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