Market Intelligence Report — WY-940

Gillette, WY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WY-09
As of the latest 2026 data
Accelerated

Median Listing

$394K
+5.6% YoY

Pending Ratio

0.61
+16.8% YoY

Active Inventory

79
-41.3% YoY

Median DOM

49 Days
-13.0% YoY

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The Gillette market is classified as Accelerated, with a pending ratio of 0.61 indicating robust demand absorption relative to available inventory. Active listings have contracted significantly, down 41.3% year-over-year, contributing to sustained market momentum.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Gillette market right now.

Inventory levels continue to contract, with active listings declining 41.3% over the past year. New listings also experienced a modest decrease of 4.2% year-over-year. Despite this, the median listing price has demonstrated resilience, rising 5.6% year-over-year, while the pending ratio has increased by 16.8% year-over-year to 0.61, signaling heightened demand. Median days on market have decreased by 13.0% over the past year, reflecting faster absorption.

Historical Analysis

Market Trends

Median Price

$394K-0.2% MoM

Active Inventory

79-41.3% YoY

Days on Market

49-13.0% YoY

Sold Score™

82+16.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

82
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The reduced inventory, evidenced by the substantial year-over-year decline in active listings, places significant pressure on the pace of transactions. A rising pending ratio indicates strong demand absorption, suggesting buyers face conditions where rapid decision-making and competitive offers are necessary for successful transactions. This environment favors price discipline for sellers.

Luxury Segment

The average listing price has grown considerably, up 19.2% year-over-year, significantly outpacing the 5.6% increase in median listing price. This disparity, alongside the median $/sqft increase of 2.1%, suggests some uplift in the higher price tiers, though median square footage remains elevated.

Supply Dynamics

79 active listings represent the current floor, with new supply arriving at roughly 46 per month.

Pricing Pressure
16.4%

of active listings carry a price reduction, -4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.1% year-over-year.

Absorption
0.61

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Gillette, WY? Homes here are taking 7 days less to sell than last year.

Demand in Gillette, WY is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
61%
Median Days on Market
49 days
Inventory YoY
−41%

Demand is strong in Gillette, WY. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Gillette, WY
CBSA Code
23940
State
WY

ZIPs in Gillette, WY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Gillette?+

    As of the latest 2026 data, the Gillette metro is classified as Accelerated. Pending ratio is 0.61 with median days on market at 49.

  • Are home prices dropping in Gillette?+

    Median listing price is $394K, +5.6% year over year. 16.4% of active listings carry a price reduction.

  • How fast are homes selling in Gillette?+

    The typical listing sits 49 days on market, a -13.0% change YoY. New listings are arriving at 46 per month.

  • What's happening in the Gillette luxury market?+

    The average listing price has grown considerably, up 19.2% year-over-year, significantly outpacing the 5.6% increase in median listing price. This disparity, alongside the median $/sqft increase of 2.1%, suggests some uplift in the higher price tiers, though median square footage remains elevated.

  • Where can I find a trusted Gillette real estate expert?+

    Primpted maintains a vetted registry of Gillette agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 23940 · 36mo history