Is Sublette County, WY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sublette County is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $275.5K$285K
+3.4%
2 $273K$353K
+29.3%
3 $350K$357K
+2.0%
4 $570K$490K
-14.0%
5+ $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
+6.7%
Lincoln County
+6.1%
Teton County
+0.8%

Housing Supply in Sublette County, WY

How many homes are available in Sublette County, WY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6675+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

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 910
+11.1%
3 2934
+17.2%
4 1415
+7.1%
5+ 1012
+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 2024Oct 2024CHANGE
18+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
81 Days126 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Sublette County, WY

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