Is Thermopolis West, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Thermopolis West was a Buyer's Market.
Key Takeaway
Thermopolis West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thermopolis West, WY
How much do homes in Thermopolis West, WY cost?
Median Sold Price
$184,800
$131/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Thermopolis West have sold for 26.7% less than they did a month ago.
Summary: The median home sold price in Thermopolis West was $184,800 in May 2024, down 26.7% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $107K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $252K | $190K | -24.6% |
| 5+ Bedrooms | - | $435K | N/A |
Summary: Thermopolis West housing prices by bedroom type for May 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 decreased by 24.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thermopolis West | $252K | $184.8K | -26.7% |
| Thermopolis | $252K | $145.9K | -42.1% |
Housing Supply in Thermopolis West, WY
How many homes are available in Thermopolis West, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Thermopolis West real estate market had 27 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Thermopolis West 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 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thermopolis West, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Thermopolis West in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Thermopolis West, WY
How long does it take to sell a home in Thermopolis West, WY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 148 Days | +185.8% |
Summary: Homes in Thermopolis West had an average of 148 days on market in May 2024, up by 185.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Thermopolis West are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 5 homes were sold in Thermopolis West; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Disclaimer: 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 © 2024 Wyoming MLS. All Rights Reserved.