Wyoming Housing Market 2026: Prices, Inventory & Trends

The median home in Wyoming closed at $400,000 over the past six months, across 1,901 recorded closings statewide. Wyoming is the smallest housing market covered here by a wide margin, and it has one feature that distorts every statewide figure. Understanding that feature is most of the analysis. Here is what the data shows across all 12 tracked city markets. That is an enormous gap, and in Wyoming it has a specific and largely mechanical explanation. Look at Jackson. It closed 95 homes at a median of $2,495,000. Every other Wyoming market in the data closes between $250,000 and $595,000. This is why the $144,630 spread should not be read as evidence that Wyoming sellers are broadly overpricing. It is a small-sample composition effect driven by one extraordinary market. That is a moderately firm demand reading. The absolute numbers deserve emphasis. Illinois, in the same period, recorded 55,431 closings. Small samples move more, and every Wyoming figure should be read with that in mind.

What the numbers mean for buyers versus sellers

For buyers, the practical instruction is to ignore the statewide asking median entirely. At $544,630 it describes a listing pool inflated by Jackson, not the market most buyers face. The realistic Wyoming price environment, outside Jackson, runs from Worland at $250,000 to Afton at $595,000, with the major markets clustered tightly between $339,000 and $495,000. Buyers targeting the smaller markets should expect long searches, because a city closing 25 to 30 homes over six months may have very few available at any given time. The key is that Wyoming's markets are small enough that local comparable sales are the only meaningful pricing input. In a city that closes 28 homes over six months, a statewide median is not a data point, it is a distraction.

The biggest markets in Wyoming

Because the state has only 12 tracked city markets, this table is essentially the entire Wyoming market.

Cheyenne dominates with 859 closings, roughly 45 percent of all Wyoming transactions, at a $389,450 median. Laramie at 230 and Sheridan at 206 follow, then Casper at 175 and Cody at 116. After that, volumes fall off sharply: Powell at 70, Buffalo at 44, and four markets at 25 to 28 closings each. Two things stand out. First, prices outside Jackson are remarkably uniform. Cheyenne at $389,450, Sheridan at $395,500, Powell at $399,500, and Laramie at $402,450 sit within about $13,000 of each other despite being scattered across the state. There is no clear price gradient by geography the way there is in most states. Second, Jackson is a separate universe. Its $2,495,000 median is more than six times the state's next most expensive market, Afton at $595,000, and more than seven times Casper at $339,000. Jackson is a national resort market that happens to sit inside Wyoming, and including it in any Wyoming average produces a figure that describes nothing.

Where the affordable markets are

Wyoming has no low-cost tier by national standards, and the data makes that clear. Only five cities in the state closed 100 or more homes over the past six months, and the cheapest of them, Casper, closed at $339,000. Compare that with West Virginia, where five markets closed below $161,000, or Illinois, where fifteen closed below $150,000. The five markets with real transaction volume are Casper at $339,000 on 175 closings, Cheyenne at $389,450 on 859, Sheridan at $395,500 on 206, Laramie at $402,450 on 230, and Cody at $495,000 on 116. Casper is the least expensive of these and Cheyenne offers by far the most volume. Below the 100-closing threshold there are genuinely cheaper options, with a corresponding liquidity penalty. Worland closed at $250,000 on 28 closings and Rock Springs at $300,950 on 28. Those are the two lowest medians in the state, but at 28 closings over six months, roughly five sales a month, both valuation support and exit options are extremely limited.

How to analyze a specific Wyoming property

In a state with 12 markets, 1,901 closings, and one resort city distorting every aggregate, property-level analysis is not a refinement, it is the only approach that produces a usable number. Resideline's method is built to be inspected rather than taken on trust. Estimates are frozen at the moment of listing and later graded against the real closing price, with results published on the public accuracy dashboard. The comparable sales behind each valuation are visible and user-adjustable, which matters enormously in thin markets where the comp set is small and a single inappropriate match can swing a valuation. Condition is estimated from listing photos. Live valuations cover 31 states. For property-level math, the ARV calculator handles after-repair value on a renovation, the rental property calculator covers a hold once you have verified real rents for that specific address, and the deal analyzer brings purchase, rehab, and financing together. The free tools require no signup, and the market pages let you browse local data by area. In small markets, the discipline that matters most is checking the comparable sales yourself. When a city closes 28 homes in six months, the difference between a good valuation and a bad one is often a single comp.