Gillette WY Real Estate Market Conditions

By
Real Estate Agent with RE/MAX Professionals

Gillette WY Real Estate Market Conditions

There are currently 395 homes available in Gillette Wyoming.  This number is elevated a bit but not abnormally so as we come out of our summer market.

There are currently 77 homes under contract in Gillette.  This shows us that homes are still moving very well.  We are very fortunate we have not had an economic slow-down nearly as severely as the rest of the country.  We have seen a lot of new construction moving over the past few months.  For a breakdown of the price ranges and neighborhoods that are most popular please contact us through our web site.

The absorption rate in Gillette sits at 7.82.  This number tells us that we have a bit more inventory than the perfectly balanced absorption rate.  However, with interest rates at an all-time low, and the amount of quality homes at reasonable prices, this is far from being a buyers OR sellers market.  Rather we are experiencing a buyers AND sellers market.  This is a great time to buy and sell Real Estate in Gillette WY!

A few more interesting numbers are from the last 6 months are:

Average Listing Price - $236,335

Average Sold Price - $217,266

Average Days On Market - 130

Homes Sold in Past 6 Months - 337

If you have questions or would like more information on market statistics, homes for sale, or the community of Gillette.  Please visit us online at www.OstlundRealEstate.com.

 

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