Rock Springs Housing Market Report January 2025Sweetwater County, Wyoming

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Housing Prices in Rock Springs, WY

How much do homes in Rock Springs, WY cost?

Housing Market Conditions

Is Rock Springs, 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

Rock Springs is a Seller's Market

Difference Since December 2024

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

Insight

Rock Springs 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.
$300,000$139/SqFt
-$40,000
-11.8%

Based on all homes sold in January 2025

Insight

Homes in Rock Springs have sold for 11.8% less than they did a month ago.

Summary: The median home sold price in Rock Springs was $300,000 in January 2025, down 11.8% from last month, and the median price per square foot was $139.

Median Sold Price By Cities

Median Sold Price By Cities
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 YoY
Rock Springs North
-11.8%
Rock Springs
-11.8%
Green River North
-22.2%

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.
BedsDec 2024Jan 2025Change YoY
1$15K-
N/A
2$165K$451.6K
+173.7%
3$505.8K$261K
-48.4%
4$260K$300K
+15.4%
5$542.9K$462.5K
-14.8%

Summary: Rock Springs housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +173.7%. The home price for 3 bedroom homes decreased by -48.4%. The home price for 4 bedroom homes increased by +15.4%. The home price for 5 bedroom homes decreased by -14.8%.

Housing supply in Rock Springs, WY

How many homes are available in Rock Springs, 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
76Last MonthJan 2025
752 months agoDec 2024
+1.3 %
Change MoMDec – Jan

Summary: The Rock Springs real estate market had 76 homes for sale in Jan 2025, a 1.3 % increase compared to Dec 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
22Last MonthJan 2025
162 months agoDec 2024
+37.5 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
110
-100.0%
21211
-8.3%
33232
0.0%
41919
0.0%
51114
+27.3%

Summary: Rock Springs housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -8.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +27.3%.

Asking Price vs. Sold Price

How much do homes in Rock Springs, 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 Price2 Homes

At Asking Price3 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in Rock Springs, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Rock Springs in January 2025, up by 37.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and and 11% were sold over asking.

Days on Market for Rock Springs, WY

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days12 Homes

Over 90 Days7 Homes

Insight

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

Summary: During January 2025, 22 homes were sold in Rock Springs; 14% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 32% 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
86 DaysLast MonthJan 2025
75 Days1 month agoDec 2024
+15.2 %
Change MoMDec – Jan

Summary: Homes in Rock Springs had an average listing age of 86 days in Jan 2025, up by 15.2% compared to the previous month.

Newest Listings in Rock Springs, WY

What homes are available in Rock Springs, WY?

MLS Disclaimers and Copyright

Based on information from Wyoming MLS, and Teton MLS for the period 12/01/2024 - 02/01/2025

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: 2/21/2025, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2025 MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.