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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casper is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Casper, WY

How much do homes in Casper, WY cost?

Median Sold Price

$294,000

$157/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$19,000(-6.1%)

Key Takeaway

Homes in Casper have sold for 6.1% less than they did a month ago.

Summary: The median home sold price in Casper was $294,000 in February 2024, down 6.1% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 -$200K
N/A
2 $95K$245K
+157.9%
3 $275K$273.5K
-0.5%
4 $307.5K$301K
-2.1%
5+ $495K$459.9K
-7.1%

Summary: Casper housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 157.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Evansville
+56.7%
Casper
-6.1%
Casper South
-10.6%
Casper North
-36.1%
Mills
-45.8%

Housing Supply in Casper, WY

How many homes are available in Casper, WY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
227217-4.4%

Summary: The Casper real estate market had 217 homes for sale in February 2024, a 4.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 34
+33.3%
2 1922
+15.8%
3 8580
-5.9%
4 6559
-9.2%
5+ 5552
-5.5%

Summary: The Casper housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 5.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4358+34.9%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 58 homes were sold or pending in Casper in February 2024, up by 34.9% month-over-month. Of the 52 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.

Days on Market for Casper, WY

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

Average Sale Time

Jan 2024Feb 2024CHANGE
95 Days64 Days-32.2%

Summary: Homes in Casper had an average of 64 days on market in Feb 2024, down by 32.2% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 58 homes were sold in Casper; 21% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 19% 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 1 Day Ago

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