Is Platte County, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Platte County was a Buyer's Market.
Key Takeaway
Platte County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Platte County, WY
How much do homes in Platte County, WY cost?
Median Sold Price
$217,000
$96/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Platte County have sold for 27.4% less than they did a month ago.
Summary: The median home sold price in Platte County was $217,000 in April 2024, down 27.4% from last month, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $76.5K | -76.5% |
| 3 Bedrooms | $265K | $223.5K | -15.7% |
| 4 Bedrooms | $336.5K | $188.5K | -44.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Platte County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 76.5%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Converse County | $255K | $223K | -12.5% |
| Platte County | $299K | $217K | -27.4% |
| Goshen County | $322.5K | $185K | -42.6% |
Housing Supply in Platte County, WY
How many homes are available in Platte County, WY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Summary: The Platte County real estate market had 40 homes for sale in April 2024, a 29.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Platte County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Platte County, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Platte County in April 2024, up by 175.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Platte County, WY
How long does it take to sell a home in Platte County, WY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 112 Days | +59.1% |
Summary: Homes in Platte County had an average of 112 days on market in Apr 2024, up by 59.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Platte County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 11 homes were sold in Platte County; 18% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
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.