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When Is the Best Time to Sell a House in Wyoming?

If you're thinking of selling your Wyoming home in 2020, here are the best (and worst) times of year to do it, by the numbers.

If you're thinking of selling your Wyoming home in 2020, here are the best (and worst) times of year to do it, by the numbers.

Updated March 25, 2020

When selling a home in Wyoming, timing isn’t everything; however, it can certainly influence how long it takes and the price you’re ultimately able to get.

If you have some flexibility with your sale, it’s worth doing some market research to boost your chances of getting the best outcome possible.

In terms of price, the best month to sell a house in Wyoming is December. The median sale price for Wyoming homes in December is $252,289, which is $6,812 more than the annual average.

The best month to sell a house fast in Wyoming is July. Wyoming homes sold in July are on the market for an average of 61, which is 17 days faster than the annual average.

Of course, this is just a small piece of the overall picture. Below, we’ve compiled some of the most important data to consider before deciding when to sell your Wyoming home, including monthly inventory, sale prices, sale-to-list ratios, days on market, and more.

The best time of year to sell a house in Wyoming

Determining the “right” time to sell your house is somewhat subjective, as it really depends on your specific goals and circumstances. That said, if you’re like most sellers — i.e., your top priorities are selling high and fast — here’s when you should list your Wyoming house.

Best month for:MonthTypical sale price premium*Days sold faster than average*
PriceDecember$6,812-1 days
SpeedJuly$71217 days

Source: Zillow Research, Jan-Dec 2019

*Negative values indicate when a month is best for one priority (speed or price) but below the annual average for the other

Importantly$16,167, these trends can vary from region to region. The table below shows the most lucrative months to sell for five major cities in Wyoming.

CityBest month to sellTypical sale price premium
CheyenneDecember$16,167
CasperDecember$19,192
Rock SpringsAugust$28,850
RivertonDecember$5,815
GilletteDecember$4,511

Source: Zillow Research, Jan-Dec 2018

Wyoming real estate market trends

Zooming back out to the national level, housing market activity — that is, the number of active listings and sales — is cyclical, peaking in late spring and hitting its annual low towards the end of the year.

Active listings and volume of home sales since 2016

Source: Realtor.com, Jul 2016-Feb 2020 

As you can see above, the overall volume of pending sales — which is a good gauge of buyer demand — reliably spikes in May. So is listing in late spring always going to be the best move? Not necessarily.

That corresponding spike in inventory (number of active listings) also means more competition. Depending on factors like your property’s age, condition, location, etc., this could actually make it more difficult and/or expensive to sell.

Moreover, these trends vary considerably on state, regional, and local levels. To provide a more comprehensive picture of seasonal housing market trends in Wyoming, we’ve compiled some of the most important data points below, along with some simple definitions and advice.

Median sale price in Wyoming by month

Month with highest median sale priceMedian sale pricePremium over annual average
December$252,289$6,812

Source: Zillow Research, Jan 2019-Dec 2019

Median sale prices can help you understand when home sale prices for Wyoming homes are typically at their annual high and low. When you zoom out and look at median sale prices over the course of a larger span of time — say, several years — it can also indicate broader trends, like home value appreciation and increasing buyer demand. The graph below shows median sale price trends in Wyoming during 2019.

MonthMedian sale price in Wyoming
January$238,875
February$239,700
March$240,913
April$242,103
May$243,520
June$244,811
July$246,189
August$247,497
September$248,757
October$249,997
November$251,076
December$252,289
Annual average sale price in Wyoming$245,477

Source: Zillow Research, Jan 2019-Dec 2019

Median days on market (DOM) in Wyoming by month

Fastest month to sell in WyomingMedian DOMDays sold faster than average
July61 days17 days

Source: Zillow Research, Jan 2019-Dec 2019

Days on market — or DOM — is commonly defined as the number of days from when a property is officially listed on a multiple listing service (MLS) and a sales contract is signed.

When a market has a low median DOM, that’s usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. Conversely, a higher median DOM signifies low demand, meaning less favorable conditions for sellers. Remember, seasonality can be a big factor, particularly in regions with bigger weather swings throughout the year. Moreover, demand can vary considerably from neighborhood to neighborhood. Talk to your realtor for an accurate read on current — or seasonal — market conditions in your area, specifically.

MonthMedian days on market in Wyoming
January104 days
February108 days
March92 days
April74 days
May68 days
June67 days
July61 days
August64 days
September66 days
October74 days
November78 days
December79 days
Annual average DOM in Wyoming78 days

Source: Zillow Research, Jan 2019-Dec 2019

When should you sell your Wyoming home?

Sometimes life changes — expected or not — can require selling during a slower month or time of year. That’s ok! The most important factor in deciding when to sell your house is you. Consider your own needs, financial situation, and timeline above everything else.

If your reason for selling is relatively flexible — say, you’re looking for a bigger house or more convenient neighborhood — it might be worth trying to time your sale; however, waiting for peak market conditions isn’t worth missing, say, a great job opportunity or putting off an important life goal, like retirement.

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Thomas O'Shaughnessy

Tommy O'Shaughnessy is the Head of Research at Clever Real Estate, the free online service that connects you with top local agents to save on commission. Tommy's team of data scientists create surveys, gather data, and analyze trends in housing, real estate, and personal finance. He directs public relations efforts, acting as a "data communicator" between his team and the press. Clever studies have been featured in Politico, the LA Times, CNBC, Forbes, Yahoo Finance, and other publications.

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