Is Rock Springs North, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Springs North is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rock Springs North has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rock Springs North, WY

How much do homes in Rock Springs North, WY cost?

Median Sold Price

$240,000

$136/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$39,000(-14.0%)

Key Takeaway

Homes in Rock Springs North have sold for 14% less than they did a month ago.

Summary: The median home sold price in Rock Springs North was $240,000 in November 2024, down 14% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $180K$174.5K
-3.1%
3 $250K$235K
-6.0%
4 $324.5K$259.7K
-20.0%
5+ $670K$307.5K
-54.1%

Summary: Rock Springs North 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 20%, and 5+ bedroom homes decreased by 54.1%.

Median Sold Price Compared To Nearby Cities

Rock Springs North
-14.0%
Rock Springs
-14.9%

Housing Supply in Rock Springs North, WY

How many homes are available in Rock Springs North, WY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9082-8.9%

Summary: The Rock Springs North real estate market had 82 homes for sale in November 2024, a 8.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 139
-30.8%
3 3937
-5.1%
4 2120
-4.8%
5+ 1514
-6.7%

Summary: The Rock Springs North 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 30.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Springs North, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Rock Springs North in November 2024, down by 3.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 39% were sold at asking, and 13% were sold over asking.

Days on Market for Rock Springs North, WY

How long does it take to sell a home in Rock Springs North, WY?

Average Sale Time

Oct 2024Nov 2024CHANGE
77 Days73 Days-4.9%

Summary: Homes in Rock Springs North had an average of 73 days on market in Nov 2024, down by 4.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rock Springs North has remained consistent over time.

Summary: During November 2024, 25 homes were sold in Rock Springs North; 12% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 32% 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 2 Days Ago

Newest Listings in Rock Springs North, WY

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