Gillette Wyoming Real Estate Market Update — Week of April 13, 2026
By Jessica LaCour | Broker, 411 Properties LLC | April 14, 2026
Every Monday I pull the numbers from our local MLS and take a hard look at what actually happened in the NE Wyoming market the week before.
No estimates. No national statistics that have nothing to do with Campbell County. Real data from our market.
Here’s what the numbers are telling us right now — and what it means if you’re buying or selling.
This week’s numbers (Week of April 13, 2026)
New Listings: 23 Closed Sales: 24 Homes Under Contract: 21 Homes Back on Market: 3 Price Changes: 8 Total Active Listings: 61 Total Pending (Under Contract): 57
Residential Lots: 96 active | 10 pending Commercial Lots: 25 active | 0 under contract Commercial Properties: 19 active | 5 pending
What these numbers actually mean
Here’s the first thing that should catch your eye: we closed 24 homes last week and only have 61 total active listings.
Let that sink in. That’s not a slow market. That’s a market where nearly 40% of the entire active inventory turns over in a single week’s worth of closings.
The pending-to-active ratio right now — 57 homes under contract against 61 active — is nearly 1-to-1. For every home available to buy, there is almost one more already spoken for and waiting to close. That is an extraordinarily tight market.
For context, a balanced market is typically considered 4 to 6 months of supply. We are operating with a fraction of that.
The trend over the past several weeks
Looking back at the weekly data from the past two months, a clear picture emerges.
New listings have been running in the 21 to 35 range each week. Spring kicked in noticeably around the week of March 30th, when 35 new listings hit the market and 39 homes went under contract in a single week. That was a very active moment.
Contracts written have remained strong. The week of March 30th saw 39 homes go under contract — the strongest single week in this stretch of data. The weeks since have settled back to 21 to 22, which is still solid absorption for a market this size.
Active inventory has stayed stubbornly low. Even as spring listings have come on, inventory has barely moved above 61 to 82 homes at any point. The demand is absorbing new supply almost as fast as it arrives.
Price reductions have been modest. Most weeks show 7 to 15 price changes, which is normal market activity rather than a sign of distress. Homes priced incorrectly are adjusting. Well-priced homes are not reducing.
The one number I keep coming back to
My most recent listing received 10 offers.
That is not a normal number. That is what happens in a market with extremely limited supply and a deep pool of qualified, motivated buyers.
It also illustrates something important: in this environment, sellers who price and position correctly are not just selling — they’re creating competition. That competition drives outcomes that a seller in a normal market wouldn’t see.
For buyers, 10+ offers on one property means you need to be ready to act quickly, write a strong offer, and have your financing completely in order before you start looking seriously.
What this means if you’re a seller
The market is working in your favor right now.
Inventory is low. Demand is real. Buyers are active and in many cases competing for the same homes.
That said, this market rewards preparation. Homes that are priced correctly, presented well, and marketed aggressively are the ones creating bidding wars. Homes that are overpriced, under-marketed, or poorly presented are the ones sitting and collecting price reductions.
The difference between those two outcomes often comes down to the strategy you start with — not the market conditions.
What this means if you’re a buyer
You need to be pre-approved before you start seriously looking. Not pre-qualified — pre-approved. There’s a difference, and in a market where competitive offers are common, that distinction matters.
You also need to have a clear sense of what you’re looking for, because when the right home comes up you may have 24 to 48 hours to see it and make a decision. If you’re still figuring out what you want, you’ll lose good homes while you’re deciding.
The buyers who succeed in this market are the ones who do the preparation work early.
The commercial and land picture
Residential land lots are sitting at 96 active listings with 10 under contract — a slower pace than residential homes, which is consistent with land typically taking longer to move than improved properties. Still, 10 lots under contract shows genuine demand from builders and individual buyers.
Commercial lots have zero under contract right now. Commercial land moves on a different timeline and for different reasons than residential, but the absence of any pending commercial lots is a data point worth watching.
Commercial properties — 19 active, 5 pending — continues to show steady interest in business real estate in the area.
The bottom line for this week
This market is active, competitive, and moving fast.
Whether you’re thinking about selling, buying, or just trying to understand where things stand, the best thing you can do is get current information from someone who’s watching these numbers every week.
That’s what I do. And I’m happy to walk you through what it looks like specifically for your situation.
Questions about the market? Ready to make a move?
Jessica LaCour | Broker, 411 Properties LLC Call: 307-682-7767 | Text: 307-660-5470 411propertiesrealestate.com
Free home value estimate: https://www.411propertiesrealestate.com/sell/
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Market data sourced from NEWRA MLS. Data reflects Campbell County residential real estate activity.
