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Preforeclosure Homes in Gillette, WY

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Living in Gillette, WY

Gillette, Wyoming, is a vibrant city known for its rich natural resources and outdoor recreational opportunities. With a warm community atmosphere, it offers access to both urban amenities and beautiful landscapes. Families will find ample educational and recreational facilities making it an ideal place to call home.

Current Market Conditions in Gillette, WY

The real estate market in Gillette has seen a steady increase over the past year, as demand for housing rises due to its economic stability from the energy sector. Property values are on the rise, making it a favorable time for investment in residential markets. Increased job opportunities drawn by local businesses are also contributing to the growth of the city.

In recent months, the housing market has flattened slightly, with inventory remaining relatively stable. Many homes are priced competitively, and although buyer competition exists, it is not as intense as in previous years.

Home Value Estimator For Gillette, WY

There are currently 13,066 real estate properties in Gillette, WY, with a median automated valuation model (AVM) price of $307,118.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gillette, WY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gillette, WY, is $338,420.00, with the most expensive house in Gillette, WY, topping out at $11,814,387.00 and the cheapest home in Gillette, WY, clocking in at $10,002.00. In other words, there’s something for every potential homebuyer or savvy investor in Gillette, WY!

Rent Prices In Gillette, WY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gillette, WY, is on a rollercoaster ride. The average rent price in Gillette, WY, is $1,203.00. Indeed, when looking to rent in Gillette, WY, you can expect to pay as little as $590.00 or as much as $2,620.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Gillette, WY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Gillette, WY Preforeclosure Homes


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