Cheyenne, WY metro area Housing Market
Warm 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: March 2026
Median Sale Price
$378K
↑ 3.6% YoY
Days on Market
28 days
↓ 22.2% YoY
Active Inventory
285
↓ 2.4% YoY
Homes Sold
149
↑ 41.9% YoY
Warm Market
The market is active with moderate buyer demand.
Cheyenne, WY metro area Market Summary
The Cheyenne, WY metro area housing market is heating up. As of March 2026, the median home sale price is $378K, up 3.6% year-over-year. Homes are spending a median of 28 days on the market, 22.2% shorter than a year ago.
There are 285 homes for sale — 2.4% fewer than last year. With 1.9 months of supply, this is a seller's market. 173 new listings were added during this period, down 1.1% year-over-year.
0.0% of homes sell above their asking price. 11.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
42
Contributing Factors
How This Market Compares
vs. National Median
vs. Wyoming Median
Investor Takeaway
This market shows balanced conditions. Evaluate individual deals carefully using rent-to-price ratios and local comps.
Cheyenne, WY metro area Market Trends
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Detailed Market Metrics
Median List Price
$408K
Price per Sq Ft
$183
Sale-to-List Ratio
N/A
Months of Supply
1.9
Sold Above List
0.0%
Price Drops
11.2%
New Listings
173
↓ 1.1% YoY
Pending Sales
123
Off Market in 2 Weeks
40.6%
Other Markets in Wyoming
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$408K · 66d on market
Rock Springs, WY metro area
$325K · 80d on market
Riverton, WY metro area
$375K · 93d on market
Laramie, WY metro area
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Evanston, WY metro area
$269K · 42d on market
Gillette, WY metro area
$449K · 193d 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.