Average Real Estate Commission in Wyoming: 2024 Data

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By Jon Stubbs Updated May 1, 2024

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How commission works | Commission calculator | Best ways to save | Methodology

📊 The data:


Our December 2023 survey of local agents found that the average real estate commission in Wyoming is 6.00%, which is higher than the national average of 5.49%. Calculate your estimated commission in Wyoming.

The average total real estate agent commission rate in Wyoming is 6.00% of the final sale price. Based on the latest median home sale price in Wyoming ($344,250), that translates to a total cost of roughly $20,655.

Home sellers typically cover the total commission fee from their sale proceeds, which is split between the listing and buyer’s agents who handle the sale. In Wyoming, the average listing agent fee is 3.50%, while the average buyer’s agent fee is 2.50%.

Real estate agent commissions make up a significant portion of the closing costs for Wyoming home sellers. But you don't have to pay the full 6.00% to a traditional agent. If you're selling a home in Wyoming, you can use a discount broker to save on realtor fees. In fact, depending on your situation and the agents you work with, you could save 44% on realtor fees, or about $9,049 on average.

Find top agents and save: Answer these five simple questions to get matched with the best local agents offering reduced commission rates. Compare agents from top brokerages like Keller Williams and RE/MAX, and get a discounted rate through Clever’s partner network.

How real estate commission works in Wyoming

Average listing commission 3.50%
Average buyer's agent commission 2.50%
Total average commission 6.00%
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There are usually two real estate agents involved in the real estate transactions of a home sale:

  • The seller's agent (also called the listing agent), who represents the home seller
  • The buyer's agent, who represents the person buying the home

Based on our research, the average real estate commission paid in Wyoming for listing agents is 3.50% of the final home price and 2.50% for buyer's agents, for a total of 6.00%.

» LEARN: How do real estate broker commissions work?

Real estate commission calculator for Wyoming

Use this commission calculator to estimate how much you'll pay in realtor fees when you sell your home in Wyoming. Enter an estimate of your home's sale price, and see how much you'll pay at different commission rates.

If you want to decrease your realtor fees, Clever can connect you with a top local listing agent who charges just 1.5%. This will allow you to retain more money from the sale for yourself.

» SAVE: Sell with Clever for 1.5% listing fees and save thousands in commission!

Who pays realtor fees in Wyoming?

In Wyoming, when your home changes hands, the commission for both the buyer's and seller's agents deducts from the sale price at closing. Rest easy knowing these fees don't require upfront payment.

Your seller's agent earns their commission by performing a market analysis and steering the closing process to completion. Meanwhile, the buyer's agent secures their fee by bringing a qualified buyer to the table, one who agrees to the terms and closes the deal on time.

You won't need to dip into your wallet for these commissions. Much like closing costs, the agent fees come out of the sale's proceeds once the deal wraps up.

Why do sellers pay the buyer's real estate agent commission?

By covering the buyer's agent commission, you can spark more interest in your home. Shouldering this expense makes your property a more attractive option for buyers who might struggle with their agent's commission on top of the down payment and closing costs. For many buyers, these additional costs can make or break a deal.

When you set a competitive buyer's agent commission, you'll find that real estate agents become more eager to bring potential buyers to your doorstep. This strategy often leads to a higher number of offers on your property. Experienced industry insiders suggest setting the buyer's agent commission in line with the local norm, which currently stands at 2.50% in Wyoming.

Will the NAR lawsuit change how real estate commission works?

On March 15, 2024, the National Association of Realtors agreed to pay $418 million in damages to settle a real estate commission lawsuit the industry group lost in November 2023. 

While the full impact of the settlement is yet to be determined, experts believe that the change will eventually lead to lower buyer's agent commissions and give buyers the ability to negotiate those commissions based on the services they need. 

The terms of the settlement are scheduled to take effect in mid-July 2024. But, the settlement hasn't been officially approved yet, and it could be delayed or changed by objections. We'll continue to monitor the status of the settlement and the effects it has on the real estate industry.

» READ MORE:

How to save on realtor fees in Wyoming

Commission rates are not set in stone. In fact, we found that while 3.50% is the average listing commission in Wyoming, rates typically fall between 3.50% and 3.50%. You can save money by negotiating a lower rate with your listing agent or by working with a discount real estate brokerage.

Listing commission range 3.50%– 3.50%
Buyer's agent commission 2.50%– 2.50%
Total commission range 6.00%– 6.00%
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» LEARN: What's the commission on a $1 million home?

Can I negotiate realtor commission in Wyoming?

Real estate commission is always negotiable. Nationwide, the 630 agents we surveyed said these were their most common reasons for agreeing to lower their commission.

Would you lower your commission for…? Agents who answered yes
Homeowners who also plan to buy with you 72%
Homeowners who are repeat clients 70%
Homeowners with more than one property to sell 67%
Seller’s situation (e.g. divorce or death in the family) 48%
Higher property values 47%
High competition for clients 37%
Homes expected to sell quickly 37%
Periods of low housing inventory 23%
High buyer demand in the area 22%
Houses in excellent condition 19%
Highly experienced home sellers 13%
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Negotiating realtor fees in Wyoming depends on two main factors: your situation and the housing market.

Factor You may have an easier time negotiating low rates if...
Your situation
  • You're selling a high-value home
  • You have a personal relationship with a realtor
  • You can offer a realtor repeat business
The Wyoming housing market
  • Homes are selling quickly
  • There are relatively few homes listed for sale
  • Home values are rising
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Your unique circumstances will definitely play a role, but the real estate climate in Wyoming affects every seller in the region.

In a seller's market, where the balance tips in favor of sellers, listing agents often find it easier to move properties and might be more willing to cut their commissions. Conversely, in a buyer's market, agents are more inclined to stick to their standard fees.

Not comfortable negotiating with a realtor? Avoid the awkward conversation and let Clever pre-negotiate a lower rate with a top agent for you.

To assess the current state of your local real estate market, look at these three factors:

  • Months of inventory
  • Sale to list price ratio 
  • Home value trends

If these indicators suggest that Wyoming is currently a seller's market, you could be in a stronger position to negotiate a reduced commission with your agent. However, if the market is sending mixed messages or leaning towards buyers, convincing your agent to agree to a lower rate may prove more challenging.

The current state of the Wyoming real estate market

Factor Trends Indication
Months of inventory There's 3.06 months of housing inventory on the market Seller's market
Sale-to-list ratio Homes are selling for 97.00% of their listing price Buyer's market
Home values Home values have risen 10.08% year over year Seller's market
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» LEARN: See state-by-state average commission rates. How does your state compare?

Low commission real estate companies in Wyoming 

Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.

Discount real estate brokers typically offer full-service support for a reduced commission percentage or flat rate. How they create those discounts will depend on the company's model, with some creating more risks and trade-offs than others.

Best for most sellers

Clever Real Estate

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4.9
Excellent

Listing Fee

1.5% ($3,000 min.)

Customer Rating

5.0 (2,627)

Availability

Nationwide

Overview

Pricing

Reviews

Contact

Overview: For those looking to sell their homes in Wyoming looking to cut down the usual real estate agent fees while still receiving full service, Clever is a top choice.

✅ Benefits and features: Clever distinguishes itself by slashing traditional realtor commissions by up to half. Their renowned, no-cost agent matching service is praised for its effectiveness and comes without any obligation to commit.

🏠 How it works: Clever grants access to a cadre of esteemed local agents from well-known agencies, such as RE/MAX and Compass. This enables sellers to explore and select the ideal agent for their needs, all the while taking advantage of a competitive 1.5% listing fee (on par with Redfin), which applies to any agent selected.

Pros

  • Partner with a full-service agent from a leading brokerage at a fraction of the usual cost.
  • Agents are willing to provide their expertise at rates discounted by up to 50%, exclusively when working through Clever.
  • Offers the widest selection of pre-screened agents in Wyoming, giving sellers ample choice for their ideal real estate partner.

Cons

  • There is no certainty of being paired with a particular agent or agency you may prefer from Clever’s network.
  • Extra offerings like professional home staging, aerial drone imagery, and immersive 3D tours might come with additional fees, details of which will be provided by agents during their listing pitch.

Fee structure

  • 1.5% listing fee ($3,000 minimum) at closing
  • 2–3% buyer’s agent commission at closing
Weighted avg. 5.0 2,627
Trustpilot 5.0 2,402
Google 4.8 225

Website: listwithclever.com
Phone: 1-833-225-3837
Hours: 8 a.m.–8 p.m. EST, 7 days a week
Address: 6358 Delmar Blvd, Suite 300, Saint Louis, MO 63130

» LEARN: How do discount real estate brokers offer lower fees?

Next steps

Thinking of selling your home but don't know where to start? Here are some next steps.

Start interviewing local agents

Set up some listing appointments, where an agent visits your home to discuss its estimated value, lay out their marketing strategy, and provide a quote for their fee.

Here's why it's smart to sit down with a few agents before signing with one:

It's completely free to meet with agents: There's no obligation or risk on your end. Just keep in mind that the agent is meeting with you to win your business, and will try to sell you on their service.

You can compare pricing and features: Shopping around helps you find the best fit for your specific needs – in terms of fees, experience, and services provided.

Learn more about your market from an expert: Realtors can provide local data, like how much nearby homes are selling for, how fast they sell, and other current market trends.

Learn about the home sales process: An agent can walk you through the sales process from start to finish, and provide tailored advice for marketing your property to home buyers.

To get started, check out our guide on the best ways to find real estate agents — or you can sign up for Clever’s free agent matching service below to connect with top realtors in your area right now (and save on commission).

Clever has pre-negotiated low commission rates of only 1.5%, with Wyoming's top agents. Contact Clever today to find out how much you can save on commission!

👋 Next Steps: Find an agent!

Clever can connect you with top local agents sell your house for a pre-negotiated low rate: just a 1.5% listing fee when your home sells (half the typical rate!).

You can interview your Clever agent matches, get free pricing estimates, and compare marketing plans — all with no strings attached.

Ready to learn more? Click below to take our simple quiz and see your agent matches!

Methodology

We gathered our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local rates for both listing and buying agents. We also asked agents about when and why they're willing to negotiate real estate commissions. 

Additionally, we utilized the following data from Zillow and Realtor.com:

  • Home values, list prices, and sale prices: Based on Zillow data as of April 2024
  • Sale-to-list ratios: Based on Zillow data as of April 2024 (unless specified otherwise)
  • Months of inventory: Based on Realtor.com data as of March 2024

Additional resources for Wyoming home sellers

Better real estate agents at a better rate

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If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.