Hot Springs County Housing Market Report December 2024Hot Springs County, Wyoming

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Housing Prices in Hot Springs County, WY

How much do homes in Hot Springs County, WY cost?

Housing Market Conditions

Is Hot Springs County, WY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hot Springs County is a Seller's Market

Difference Since November 2024

Last month, Hot Springs County has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$203,500$167/SqFt
-$38,750
-16.0%

Based on all homes sold in December 2024

Insight

Homes in Hot Springs County have sold for 16% less than they did a month ago.

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

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Fremont County
-6.0%
Washakie County
-8.9%
Hot Springs County
-16.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1$105K-
N/A
2-$203.5K
N/A
3$227.5K-
N/A
4$257K-
N/A
5$750K-
N/A

Summary: Hot Springs County housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Hot Springs County, WY

How many homes are available in Hot Springs County, WY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
19Last MonthDec 2024
222 months agoNov 2024
-13.6 %
Change MoMNov – Dec

Summary: The Hot Springs County real estate market had 19 homes for sale in Dec 2024, a 13.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthDec 2024
52 months agoNov 2024
-20.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
110
-100.0%
276
-14.3%
354
-20.0%
478
+14.3%
521
-50.0%

Summary: Hot Springs County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Hot Springs County, WY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Hot Springs County, 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 Hot Springs County 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 and 0% were sold over asking.

Days on Market for Hot Springs County, WY

How long does it take to sell a home in Hot Springs County, WY?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Hot Springs County has remained consistent over time.

Summary: During December 2024, 4 homes were sold in Hot Springs County; 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
104 DaysLast MonthDec 2024
113 Days1 month agoNov 2024
-7.5 %
Change MoMNov – Dec

Summary: Homes in Hot Springs County had an average listing age of 104 days in Dec 2024, down by 7.5% compared to the previous month.

Newest Listings in Hot Springs County, WY

What homes are available in Hot Springs County, WY?

MLS Disclaimers and Copyright

Based on information from Wyoming MLS, for the period 11/01/2024 - 01/01/2025

IDXDisclaimer: 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 © 2025 Wyoming MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.