Wyoming Real Estate Market May 2022: Forecasts + Trends

Wyoming real estate trends (May 2022)

How is the real estate market in Wyoming?
🏠 Average home value: $329,800	📈 0.93% home value increase month over month
💰 Median sale price: $427,000	⏳ 52 days on the market
🔑 Homes on the market: 1,502	📆 3.5 months of housing inventory
🏦 30-year mortgage rate: 5.58000%	💵 Average income: 65304
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.

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Selling a home in Wyoming

Wyoming real estate market forecast for sellers
⏰ Homes are selling 43 days slower than the annual average	💰 Homes are selling for $43,256 more than the annual average
💸 Average listing commission: 2.68%	💸 Average buyer's commission: 2.68%

How to sell a home in Wyoming

Cost to sell a home in Wyoming

The Ultimate Guide to Wyoming Real Estate Taxes

Buying a home in Wyoming

How much home you can buy with $300,000 in...
🏠 Cheyenne: 1,613 sq ft	🏡 Gillette: 2,190 sq ft
🏡 Casper: 1,961 sq ft	🏠 Rock Springs: 2,290 sq ft

Investing in Wyoming real estate

Best of Wyoming

Each month, we compare locations in Wyoming based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Wyoming
1. Teton County
2. Lincoln County
3. Park County
4. Big Horn County
5. Carbon County

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Worst of Wyoming

Each month, we compare locations in Wyoming based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Wyoming
1. Converse County
2. Fremont County
3. Johnson County
4. Goshen County
5. Hot Springs County

Wyoming resources

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.

Methodology

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.

Wyoming Real Estate Market in 2022: Forecasts + Trends