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907 E. Boxelder Rd.
Gillette, WY 82718

307.689.1024

Blog

Gillette WY Real Estate

JORDAN OSTLUND

Gillette WY Real Estate

Search through all of the homes for sale in Gillette and surrounding areas.  If you already have a property in mind, please don't hesitate to contact us with any questions or to set up an appointment to go take a look.  If you are interested in selling your home, take a few moments to review our marketing plan for your home and then please contact us about receiving a free market evaluation of your homes value.  If you are from out of town or just beginning the process of feel free to estimate your payments with our mortgage calculators

 

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The Gillette WY real estate market is alive and well!  We currently have an inventory that is higher than usual for this time of year, but homes are continuing to move which helps us rest assured that the overall market continues to be healthy and relatively balanced.  Our absorption rate sits at about 7.5 months.  This number is really a tale of two markets. 

The very low end of the market (under $120,000) is the fastest selling price point at this time.  We attribute this to the influx of foreclosures that have hit our market over the past 6-12 months.  Homes in the $180,000 - $250,000 price range have really driven the market over the past 6-12 months.  This is largely due in part to the great new construction homes available at that price point. 

Homes over $300,000 really lagged behind for the last 6-12 months.  The higher priced the home, the slower the market seemed to be.  However, over the last month or two, we have seen some of the upper end homes begin to move.  This is a good sign for the market as a whole.

With the continually low interest rates, the elevated inventory, and quality of homes on the market in every price range; this is a great time time to buy real estate in Gillette!  Whether you are a first time home buyer, an empty nester, a move-up buyer, or an investor, you can find a great deal on a great home that fits your specific needs!