$2,909 Closing Credit*
$245,000
2,151 SqFt
3 Beds
•1 Bath
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
Last month, Rock Springs was a Neutral 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
$279,000
$149/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$15,500(+5.9%)
Key Takeaway
Homes in Rock Springs have sold for 5.9% more than they did a month ago.
Summary: The median home sold price in Rock Springs was $279,000 in October 2024, up 5.9% from last month, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $170K | $180K | +5.9% |
| 3 Bedrooms | $263.5K | $251K | -4.7% |
| 4 Bedrooms | $286K | $320K | +11.9% |
| 5+ Bedrooms | $450K | $670K | +48.9% |
Summary: Rock Springs 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 increased by 5.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 48.9%.
Median Sold Price Compared To Nearby Cities
| Rock Springs | $263.5K | $279K | +5.9% |
| Rock Springs North | $263.5K | $279K | +5.9% |
| Green River North | $325K | $279K | -14.2% |
Housing Supply in Rock Springs, WY
How many homes are available in Rock Springs, WY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 82 | +1.2% |
Summary: The Rock Springs real estate market had 82 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Rock Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 27 | +107.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Springs, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Rock Springs in October 2024, up by 107.7% month-over-month. Of the 23 sold homes, 74% were sold under asking, 22% were sold at asking, and 4% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 72 Days | -9.2% |
Summary: Homes in Rock Springs had an average of 72 days on market in Oct 2024, down by 9.2% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rock Springs has remained consistent over time.
Summary: During October 2024, 27 homes were sold in Rock Springs; 19% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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