Wyoming real estate trends (May 2022)
How is the real estate market in Wyoming?
🏠 Average home value: $315,927
📈 0.90% home value increase month over month
💰 Median sale price: $347,450
⏳ 55 days on the market
🔑 Homes on the market: 972
📆 1.4 months of housing inventory
🏦 30-year mortgage rate: 5.47%
💵 Average income: 64049
State of the market: B-
Although home values in Wyoming are inching upward, it’s still taking longer than average to sell a house in the state. With inventory continuing to swell, the state’s real estate market will continue to stay cool.
*Data last updated May 2022
As the least populous state in the nation, it's no wonder Wyoming is known for its natural beauty. The state features seven National Parks, including Yellowstone's hydrothermal geysers and the snow capped peaks of Grand Teton — as well as rodeos, ranches, and an impressive number of sites where archaeologists have unearthed fossils.
Along with the rural communities and small towns that dot the landscape, Wyoming also features small cities including Cheyenne, Casper, and Gillette, to name a few.
Fun fact: In 1869, Wisconsin became the first state to grant women the right to vote, earning the nickname the Equality State.
If you're thinking of buying or selling in Wyoming, these Wyoming housing predictions and stats can help you make an informed decision.
Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!
Selling a home in Wyoming
Wyoming real estate market forecast for sellers
⏰ Homes are selling 3 days faster than the annual average
💰 Homes are selling for $25,987 more than the annual average
💸 Average listing commission: 2.90%
💸 Average buyer's commission: 2.60%
How to sell a home in Wyoming
- The Best Low Commission Real Estate Brokers
- 8 Steps to Selling a House in Wyoming
- How to Sell a House By Owner in Wyoming (2021 Update)
- 5 Best Wyoming Flat-Fee MLS Companies | Clever Real Estate
- We Buy Houses for Cash Companies in Wyoming (2021 Rankings)
- What's The Average Wyoming Real Estate Commission In 2021?
Cost to sell a home in Wyoming
Buying a home in Wyoming
How much home you can buy with $300,000 in...
🏠 Cheyenne: 1,648 sq ft
🏡 Gillette: 2,326 sq ft
🏡 Casper: 1,974 sq ft
🏠 Rock Springs: 2,655 sq ft
- How to Save with a Home Buyer Rebate
- 8 Definitive Steps to Buying a House in Wyoming
- The Best Time to Buy a House in Wyoming
- The Ultimate Guide for Moving to Wyoming
Investing in Wyoming real estate
- Top 5 Best Real Estate Investment Markets in Wyoming
- A Beginner's Guide to Buying an Apartment Building
Best of Wyoming
Each month, we compare cities in Wyoming based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.
Most Affordable Cities in Wyoming
1. Rock Springs
Worst of Wyoming
Each month, we compare cities in Wyoming based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.
Least Affordable Cities in Wyoming
- Wyoming Real Estate Commission
- Wyoming's real estate license verification
- Wyoming's real estate agent code of conduct
- Wyoming's disclosure forms
- Transfer taxes in Wyoming
- Home buying assistance programs in Wyoming
Frequently asked questions about Wyoming real estate
It is currently a seller’s market in Wyoming, but it might not stay that way for long. Although listing prices are steadily increasing, homes are starting to sit on the market longer. However, each city and town is different, so it’s best to check in with a local real estate agent to better understand trends in your area.
Yes, Wyoming is a good state to invest in real estate, especially in bigger cities like Cheyenne and Casper. However, for your investment to pay off, you’ll first need to plan out your finances and find the best neighborhoods to buy in. Learn more in our guide to real estate investing.
Now might not be the best time to purchase a house in Wyoming since listing prices are exceptionally higher than average. If you really need to buy, then work with a real estate agent to help you find a good deal.
Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.