Is Sublette County, 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, Sublette County was a Seller's Market.
Key Takeaway
Sublette County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sublette County, WY
How much do homes in Sublette County, WY cost?
Median Sold Price
$422,250
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sublette County have sold for 25.4% more than they did a year ago.
Summary: The median home sold price in Sublette County was $422,250 in May 2024, up 25.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.5K | $285K | +3.1% |
| 2 Bedrooms | $240K | $397.2K | +65.5% |
| 3 Bedrooms | $330K | $405K | +22.7% |
| 4 Bedrooms | $385.3K | $639K | +65.8% |
| 5+ Bedrooms | $587.5K | $800K | +36.2% |
Summary: Sublette County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 65.5%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 65.8%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Counties
| Sublette County | $336.6K | $422.2K | +25.4% |
| Teton County | $1.9M | $2.1M | +9.0% |
| Lincoln County | $526K | $480K | -8.7% |
Housing Supply in Sublette County, WY
How many homes are available in Sublette County, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Summary: The Sublette County real estate market had 67 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Sublette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sublette County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sublette County in May 2024, up by 200.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Sublette County, WY
How long does it take to sell a home in Sublette County, WY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 129 Days | 116 Days | -10.3% |
Summary: Homes in Sublette County had an average of 116 days on market in May 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sublette County has remained consistent over time.
Summary: During May 2024, 9 homes were sold in Sublette County; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
DISCLAIMER: 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. © 2024 MLS.
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.