Thermopolis Housing Market Report March 2025•Hot Springs County, Wyoming

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Housing Prices in Thermopolis, WY

How much do homes in Thermopolis, WY cost?

Housing Market Conditions

Is Thermopolis, WY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Thermopolis is a Buyer's Market

Difference Since February 2025

Last month, Thermopolis was a Neutral Market.

Insight

Thermopolis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$172,000$66/SqFt
-$73,000
-29.8%

Based on all homes sold in March 2025

Insight

Homes in Thermopolis have sold for 29.8% less than they did a month ago.

Summary: The median home sold price in Thermopolis was $172,000 in March 2025, down 29.8% from last month, and the median price per square foot was $66.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Thermopolis West
-20.9%
Thermopolis
-29.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$190K-
N/A
3$245K$172K
-29.8%
4$365K-
N/A
5--
N/A

Summary: Thermopolis housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -29.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Thermopolis, WY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Thermopolis, WY

Housing supply in Thermopolis, WY

How many homes are available in Thermopolis, WY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
17Last MonthMar 2025
192 months agoFeb 2025
-10.5 %
Change MoMFeb – Mar

Summary: The Thermopolis real estate market had 17 homes for sale in Mar 2025, a 10.5 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthMar 2025
32 months agoFeb 2025
-66.7 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
111
0.0%
242
-50.0%
377
0.0%
444
0.0%
533
0.0%

Summary: Thermopolis housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Thermopolis, WY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Thermopolis, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Thermopolis in March 2025, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Thermopolis, WY

How long does it take to sell a home in Thermopolis, WY?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Thermopolis has remained consistent over time.

Summary: During March 2025, 1 homes were sold in Thermopolis; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
85 DaysLast MonthMar 2025
99 Days1 month agoFeb 2025
-14.4 %
Change MoMFeb – Mar

Summary: Homes in Thermopolis had an average listing age of 85 days in Mar 2025, down by 14.4% compared to the previous month.

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Newest Listings in Thermopolis, WY

What homes are available in Thermopolis, WY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Wyoming MLS, for the period 02/01/2025 - 04/01/2025

IDXDisclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Wyoming MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.