Is Newcastle, WY 82701 a buyer’s or seller’s market?
Newcastle is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 20% of U.S. ZIP codes, and #18 of 28 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Newcastle housing market right now
In the three months ending August 31, 2026, 7% of homes in Newcastle, WY 82701 sold above their list price, the typical home went under contract in 34 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (37 days then) and the median sale price rose 6% to $259,888. Overall, Newcastle is more competitive than a year ago, so tougher for buyers.
On our competition score, Newcastle ranks #18 of 28 WY ZIP codes with enough sales (score 25 out of 100).
Nearby, buyers who want less competition could look at Upton 82730 (0% sold over asking) or Osage 82723 (0% sold over asking).
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Towns like Newcastle nearby
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Questions about Newcastle real estate
Is Newcastle a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Newcastle, WY 82701 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newcastle?
The typical home went under contract in 34 days in the latest three months.
Do homes in Newcastle sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Newcastle?
About 0.68% of a home’s value a year in Weston County, or roughly $2,720 on a $400,000 home.
What is the median home price in Newcastle?
The median sale price was $259,888 in the three months ending August 31, 2026, about $136 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology