Cheyenne, WY metro area Housing Market
Cool MarketComprehensive housing market data for the Cheyenne, WY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$400K
↑ 4.1% YoY
Days on Market
68 days
↑ 23.6% YoY
Active Inventory
275
↓ 13.5% YoY
Homes Sold
107
↑ 27.4% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Cheyenne, WY metro area Market Summary
The Cheyenne, WY metro area housing market is cooling down. As of January 2026, the median home sale price is $400K, up 4.1% year-over-year. Homes are spending a median of 68 days on the market, 23.6% longer than a year ago.
There are 275 homes for sale — 13.5% fewer than last year. With 2.6 months of supply, this is a seller's market. 151 new listings were added during this period, up 19.8% year-over-year.
Homes are selling for 97.3% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 18.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
vs. Wyoming Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage.
Cheyenne, WY metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$414K
Price per Sq Ft
$187
Sale-to-List Ratio
97.3%
Months of Supply
2.6
Sold Above List
0.0%
Price Drops
18.2%
New Listings
151
↑ 19.8% YoY
Pending Sales
124
Off Market in 2 Weeks
37.1%
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Rock Springs, WY metro area
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Gillette, WY metro area
$599K · 212d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.