Gillette WY Real Estate Market Conditions
JORDAN OSTLUND
There are currently 403 homes on the market in Gillette Wyoming. This number may seem high but it is also a bit misleading. We are just wrapping up the summer market in which there are historically more homes on the market. We also have lots of new construction homes on the market in the very beginning stages which may inflate the total homes on the market as well as the absorption rate which is currently just over 8 months.
There are currently 74 homes under contract. Many of these homes, as WE mentioned before are new construction. With the historically low interest rates and the abundance of quality homes on the market this is a great time to buy or sell Real Estate in Gillette!
A few more statistics that may interest you from the past six months are the average list price which stands at $237,436 and the average sold price is $218,761. There have been 334 home sales in the last six months with an average days on market of 129 days.
Statistics can tell us a lot about where a market has ben, where it is now, and where it may be headed in the future. This allows us to make educated decisions when buying or selling our homes. Please don't hesitate to contact us with any questions regarding real estate in Gillette WY!
MAKE IT a Great day!
Lexi & Jordan Ostlund
RE/MAX Professionals; Gillette, WY