Is Rock Springs, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rock Springs has remained a Seller's Market.
Housing Prices in Rock Springs, WY
How much do homes in Rock Springs, WY cost?
Median Sold Price
$340,000
$146/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Rock Springs was $340,000 in March 2024, up 23.6% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $187K | $162.6K | -13.0% |
3 Bedrooms | $322.5K | $298.5K | -7.4% |
4 Bedrooms | $196K | $431.5K | +120.2% |
5+ Bedrooms | $376K | $499K | +32.7% |
Summary: Rock Springs housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 120.2%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
Green River North | $210K | $263.7K | +25.6% |
Rock Springs | $275K | $340K | +23.6% |
Rock Springs North | $275K | $329.5K | +19.8% |
Housing Supply in Rock Springs, WY
How many homes are available in Rock Springs, WY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 88 | +4.8% |
Summary: The Rock Springs real estate market had 88 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 38 | 39 | +2.6% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Rock Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Rock Springs in March 2024, up by 17.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Rock Springs, WY
How long does it take to sell a home in Rock Springs, WY?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 Days | 80 Days | -34.1% |
Summary: Homes in Rock Springs had an average of 80 days on market in Mar 2024, down by 34.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Rock Springs; 10% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.