Is South Big Horn, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Big Horn is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Big Horn has remained a Seller's Market.

Key Takeaway

South Big Horn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Big Horn, WY

How much do homes in South Big Horn, WY cost?

Median Sold Price

$146,391

$89/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$121,483(-45.4%)

Key Takeaway

Homes in South Big Horn have sold for 45.4% less than they did a month ago.

Summary: The median home sold price in South Big Horn was $146,391 in October 2024, down 45.4% from last month, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $35K$92.7K
+165.1%
3 $413.9K$200K
-51.7%
4 --
N/A
5+ --
N/A

Summary: South Big Horn 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 165.1%, 3 bedroom homes decreased by 51.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Basin
-25.3%
South Big Horn
-45.4%

Housing Supply in South Big Horn, WY

How many homes are available in South Big Horn, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The South Big Horn real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The South Big Horn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Big Horn, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in South Big Horn in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for South Big Horn, WY

How long does it take to sell a home in South Big Horn, WY?

Average Sale Time

Sep 2024Oct 2024CHANGE
132 Days80 Days-39.2%

Summary: Homes in South Big Horn had an average of 80 days on market in Oct 2024, down by 39.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Big Horn has remained consistent over time.

Summary: During October 2024, 2 homes were sold in South Big Horn; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 13 Days Ago

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