Wednesday, November 5, 2025 / by Steve Laakso
Gillette Real Estate Weekly Update (Week of November 3, 2025)
If you’re looking to buy your first home or sell in the Gillette area, you’ll want to stay current on market trends. Whether you’re a first-time home buyer or a seller aiming for a smart move, here’s a clear look at where the market stands right now.
Current Market Snapshot in Gillette, WY
• Average Sales Price: $341,479
• Average Days on Market YTD: 77 days
• Active Listings: 105 homes currently for sale in Gillette, WY
• Homes Under Contract: 82 properties currently under contract
• List-to-Sale Price Ratio: 98.07%
Market Snapshot by Zip Code
In the 82718 zip code, there are currently 66 active listings and 59 homes under contract. So far this year, 348 homes have sold, with an average of 776 days on the market.
For the 82716 zip code, there are 35 active listings and 23 homes under contract. Year to date, 182 homes have sold, with an average of 80 days on the market.
Good News: Interest Rates Are Trending Down
After months of higher borrowing costs, we’re finally seeing interest rates start to ease, and that’s welcome news for both buyers and sellers.
According to Freddie Mac, the average 30-year fixed mortgage rate recently slipped to around 6.17%, its lowest level in over a year. Read more here. For buyers, even a slight drop in rates can mean lower monthly payments and more purchasing power. Many who put their home search on hold earlier in the year are jumping back in, ready to take advantage of better affordability.
Have Questions About the Market?
If you’re thinking about buying or selling a home in Gillette or just want to know what your property might be worth, our team is here to help. Give us a call today at (307)680-4956 for Steve Laakso or (307)660-8237 for Camarae Kelley. We would love to guide you through your next move with confidence!
If you’re thinking about buying or selling a home in Gillette or just want to know what your property might be worth, our team is here to help. Give us a call today at (307)680-4956 for Steve Laakso or (307)660-8237 for Camarae Kelley. We would love to guide you through your next move with confidence!
