Is 83001, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 83001 was a Neutral Market.
Key Takeaway
83001 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 83001, WY
How much do homes in 83001, WY cost?
Median Sold Price
$2,360,000
$1,058/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 83001 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 83001 was $2,360,000 in May 2024, up 2.6% from last year, and the median price per square foot was $1,058.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $850K | $1.1M | +31.5% |
| 2 Bedrooms | $1.3M | $1.1M | -14.0% |
| 3 Bedrooms | $2.1M | $2.3M | +9.1% |
| 4 Bedrooms | $3.3M | $3.0M | -10.4% |
| 5+ Bedrooms | $6.3M | $3.2M | -49.0% |
Summary: 83001 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 49%.
Median Sold Price Compared To Nearby Zip Codes
| 83014 | $975K | $1.0M | +8.5% |
| 83001 | $2.3M | $2.3M | +2.6% |
Housing Supply in 83001, WY
How many homes are available in 83001, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 105 | +19.3% |
Summary: The 83001 real estate market had 105 homes for sale in May 2024, a 19.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 17 | 28 | +64.7% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 83001 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 83001, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 83001 in May 2024, down by 16.7% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 83001, WY
How long does it take to sell a home in 83001, WY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 164 Days | 167 Days | +1.6% |
Summary: Homes in 83001 had an average of 167 days on market in May 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 83001 has remained consistent over time.
Summary: During May 2024, 10 homes were sold in 83001; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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