If you’re looking to buy a house in Wyoming, you might be wondering when the right time is to buy. The month can make a difference in both the variety of listings available and how real estate is priced.
If you’re trying to time the Wyoming market, get in touch with an experienced local real estate agent. Local agents understand the seasonal variances and how to get the most for your money.
Here are some things you should know about seasonal fluctuations in Wyoming.
Best Time of Year to Buy in Wyoming
Before you think about what time of year to buy, you need to consider your priorities: What’s most important to you and your family? Do you want the lowest prices? The largest selection of houses? Or something in between?
If you’re looking for the lowest possible prices, start looking in the fall and aim to buy in the fall or winter. In fall and winter, there are fewer homes on the market but also far fewer people looking to buy.
Particularly in areas with harsh winters, homeowners selling from November through February are often selling because they have to, not because they want to, and that can lead to great deals — if you can find them.
Biggest Selection of Homes
If selection is more important than price, spring is for you. April has the most listings of any month, and April, May, and June are by far the three most popular months for new listings.
Unfortunately for buyers, spring is also the most expensive time to buy. In spring selling season, with the most availability also comes the most competition. From March to May, one in every four houses sells above its list price.
Middle Ground: Good Selection & Good Prices
If you want a middle ground between the craziness of spring and the lull of winter, looking towards the end of summer might be for you. There’s a larger selection of homes available than in the fall and winter, and unlike in spring, houses will be priced to move.
Homeowners who had hoped to sell in spring or summer, but didn’t, will start to lower their prices. Sellers will want to move before the weather gets cold. Parents want to move before the school year starts. And because the end of the season attracts fewer buyers, there should be good deals available.
The Best Places to Buy a Home in Wyoming
The state capital, Cheyenne, home to around 62,000 people, is one of the most diverse parts of Wyoming. Cheyenne also boasts low crime rates, friendly people, and good schools, making it an attractive area for families of all ages.
Powell is a small, affordable town of around 6,400 people. If you prefer life in a small town with good schools and easy access to local campsites and other outdoor opportunities, Powell just might be for you.
South Park is a beautiful rural town that won’t leave you wanting. It ranks towards the top of both places in Wyoming to raise a family and places in Wyoming for millennials. People who move to South Park tend to stay there, with 82% of residents owning their homes.
In the heart of the Bighorn Basin, Worland combines agriculture with a charming downtown area. Add to it the low crime rates and you have an attractive town for home buyers to check out.
Cody is a suburban town with a lot of amenities. It’s home to Yellowstone Regional Airport and offers the perks of suburban life with a pinnacle of natural beauty just a short distance away.
4 Ways to Get a Great Deal On a Home in Wyoming
1. Find a Great Wyoming Real Estate Agent
Finding the right real estate agent is an important step in the home buying process. You need an agent who knows the local market inside and out and can advise you on the best time to buy in your part of Wyoming.
A good agent will understand local trends and know when a buyer like you should look closely at the market. Realtors are experts who can advise you on what time of the year to buy to fit your family’s needs.
Learn More: What Does a Real Estate Agent Do for a Buyer?
2. Assess Your Needs and Lay Out Your Goals
Every decision in the home buying process is personal, including how to time your purchase. Some buyers care most about price, while others are more interested in having the widest selection to choose from. Some are tied to a specific location, while others are not.
Figure out your needs and priorities. From there, you can get a better idea of when the time is right for you to look.
Learn More: What to Look for When Buying a Home
3. Find a Lender and Secure Financing.
Home buyers have many different financing options, from government-sponsored and subsidized loans to traditional mortgages with private lenders. Your agent can help evaluate your financing options and figure out what will work for your family, given your goals and current financial situation.
Remember: the closing process typically takes around 30 days, so if you’re on a fixed timeline, be sure to tell your agent.
Learn More: A Step-By-Step Guide to the Home Loan Process
4. Negotiate for the Best Possible Price
Once you’ve found your dream home, your agent will help you prepare and make your offer. Make sure you find a real estate agent who is an expert negotiator and will save you money every step of the way.
Learn More: How to Find a Buyer’s Agent That’s a Good Negotiator
If you’re shopping for a home in Wyoming, get in touch with a Clever Partner Agent. Partner Agents work for you by providing on-demand showings and $1,000 rebates to help cover closing costs (where permitted by law).
Fill out our online form and we’ll put you in touch with a Clever Partner Agent in Wyoming for a no-obligation consultation.