Wyoming Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

September 1st, 2021
Updated September 1st, 2021


wyoming real estate trends

Real estate trends in Wyoming | Sellers | Buyers | Investors | The best and worst of Wyoming | Wyoming resources

Wyoming real estate trends (July 2021)

How is the real estate market in Wyoming?
🏠 Average home value: $276,278
📈 0.71% home value increase month over month
💰 Median sale price: $325,000
⏳ 64 days on the market
🔑 Homes on the market: 1,794
📆 1.8 months of housing inventory
🏦 30-year mortgage rate: 3.23%
💵 Average income: $64,049
State of the market: B-
Home values are inching up in Wyoming, while listing prices are skyrocketing. However, listings sit on the market here for quite a while, suggesting that those listing prices may be too high; the state’s higher-than-average amount of inventory creates even more downward pressure on the market.
*Data last updated July 2021

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.

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Selling a home in Wyoming

Wyoming real estate market forecast for sellers
⏰ Homes are selling 19 days faster than the annual average
💰 Homes are selling for $37,833 more than the annual average
💸 Average listing commission: 2.92%
💸 Average buyer's commission: 2.57%

How to sell a home in Wyoming

Cost to sell a home in Wyoming

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Buying a home in Wyoming

How much home you can buy with $300,000 in...
🏠 Cheyenne: 1,846 sq ft
🏡 Gillette: 2,613 sq ft
🏡 Casper: 2,149 sq ft
🏠 Rock Springs: 2,647 sq ft

Investing in Wyoming real estate

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
2. Gillette
3. Casper

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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
1. Sheridian
2. Cheyenne
3. Laramie

Wyoming resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, 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.

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