Thermopolis West Housing Market Report February 2025•Hot Springs County, Wyoming

hero building illustration for mobile

Housing Prices in Thermopolis West, WY

How much do homes in Thermopolis West, WY cost?

Housing Market Conditions

Is Thermopolis West, 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

Thermopolis West is a Buyer's Market

Difference Since January 2025

Last month, Thermopolis West was a Seller's Market.

Insight

Thermopolis West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$245,000$181/SqFt
-$85,000
-25.8%

Based on all homes sold in February 2025

Insight

Homes in Thermopolis West have sold for 25.8% less than they did a month ago.

Summary: The median home sold price in Thermopolis West was $245,000 in February 2025, down 25.8% from last month, and the median price per square foot was $181.

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 MoM
Thermopolis
-25.8%
Thermopolis West
-25.8%

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.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$197K-
N/A
3$370K$245K
-33.8%
4$325K-
N/A
5--
N/A

Summary: Thermopolis West housing price by bedroom type for February 2025, 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 decreased by -33.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Thermopolis West, WY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Thermopolis West, WY

Housing supply in Thermopolis West, WY

How many homes are available in Thermopolis West, 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
14Last MonthFeb 2025
172 months agoJan 2025
-17.6 %
Change MoMJan – Feb

Summary: The Thermopolis West real estate market had 14 homes for sale in Feb 2025, a 17.6 % decrease compared to Jan 2025.

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
1Last MonthFeb 2025
62 months agoJan 2025
-83.3 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
101
+100.0%
243
-25.0%
355
0.0%
463
-50.0%
522
0.0%

Summary: Thermopolis West housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Thermopolis West, 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 Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Thermopolis West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Thermopolis West in February 2025, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Thermopolis West has remained consistent over time.

Summary: During February 2025, 1 homes were sold in Thermopolis West; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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
57 DaysLast MonthFeb 2025
149 Days1 month agoJan 2025
-61.7 %
Change MoMJan – Feb

Summary: Homes in Thermopolis West had an average listing age of 57 days in Feb 2025, down by 61.7% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Thermopolis West, WY

What homes are available in Thermopolis West, WY?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Wyoming

MLS Disclaimers and Copyright

Based on information from Wyoming MLS, for the period 01/01/2025 - 03/01/2025

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: 3/14/2025, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.