$50,000
0.70 Acres
Land
Brianna Summerall, Listing Office: Re/Max Elite
Is Sublette County, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sublette County was a Seller's Market.
Key Takeaway
Sublette County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sublette County, WY
How much do homes in Sublette County, WY cost?
Median Sold Price
$400,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.7%)
Key Takeaway
Homes in Sublette County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Sublette County was $400,000 in October 2024, up 6.7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.5K | $285K | +3.4% |
| 2 Bedrooms | $273K | $353K | +29.3% |
| 3 Bedrooms | $350K | $357K | +2.0% |
| 4 Bedrooms | $570K | $490K | -14.0% |
| 5+ Bedrooms | $800K | $700K | -12.5% |
Summary: Sublette County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 29.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Counties
| Sublette County | $375K | $400K | +6.7% |
| Lincoln County | $535K | $567.5K | +6.1% |
| Teton County | $2.0M | $2.1M | +0.8% |
Housing Supply in Sublette County, WY
How many homes are available in Sublette County, WY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The Sublette County real estate market had 75 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Sublette County 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 increased by 11.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sublette County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sublette County in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Sublette County, WY
How long does it take to sell a home in Sublette County, WY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 126 Days | +55.4% |
Summary: Homes in Sublette County had an average of 126 days on market in Oct 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sublette County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Sublette County; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
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