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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thermopolis is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Thermopolis has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thermopolis, WY

How much do homes in Thermopolis, WY cost?

Median Sold Price

$203,500

$167/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$38,750(-16.0%)

Key Takeaway

Homes in Thermopolis have sold for 16% less than they did a month ago.

Summary: The median home sold price in Thermopolis was $203,500 in December 2024, down 16% from last month, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $105K-
N/A
2 -$203.5K
N/A
3 $227.5K-
N/A
4 $257K-
N/A
5+ $750K-
N/A

Summary: Thermopolis housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thermopolis
-16.0%
Thermopolis West
-16.0%

Housing Supply in Thermopolis, WY

How many homes are available in Thermopolis, WY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2118-14.3%

Summary: The Thermopolis real estate market had 18 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 76
-14.3%
3 54
-20.0%
4 67
+16.7%
5+ 21
-50.0%

Summary: The Thermopolis housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thermopolis, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Thermopolis in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Thermopolis, WY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
113 Days104 Days-7.5%

Summary: Homes in Thermopolis had an average of 104 days on market in Dec 2024, down by 7.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 Thermopolis has remained consistent over time.

Summary: During December 2024, 4 homes were sold in Thermopolis; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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

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