Wyoming's Real Estate Market Update – October 2025

Wyoming's Real Estate Market Update – October 2025

Wyoming’s housing market in fall 2025 is stabilizing, but affordability remains a challenge for many families and buyers. The average home value statewide is $338,888, up 3.3% from 2024. The statewide median sales price stands at $319,000, while typical listings climb higher to a median of $410,000. Mortgage rates are about 6.8% for a 30-year fixed loan, significantly higher than pandemic-era lows. Wyoming ranks as the 25th least affordable state, with buyers needing to navigate high prices and rising borrowing costs.

Regional Details: Casper & Sheridan

• Casper: The median home value is $320,000, up 6.7% year-over-year. Casper’s homes offer more affordability compared to Jackson or statewide averages; this attracts professionals and families looking for relative value.

• Sheridan: The median price for homes sold in Sheridan County reached $442,500 by April 2025, with median estimated property value at $395,170 (6.8% year-over-year increase). Sheridan’s housing market is now considered a buyer’s market due to high inventory: "Sheridan County’s 11 months of inventory represents a 15.3% month-over-month increase in stock". According to Desiree Young, Sheridan Realtor: "We have realtors teaching their clients more realistic expectations, and how to price their home appropriately... There’s definitely a need for housing in Sheridan, and that need has called many (builders) to action. New subdivisions being built means more (houses) in the market".​

• Jackson: The median home value is $2.6 million; luxury sales have soared, with some properties now fetching $12–15 million.

• Cheyenne: Market cooling, with a predicted 2.3% price drop by September 2025.

Statewide Perspective

Wyoming’s market is mixed: “Home prices in Wyoming were up 35.7% year-over-year in August...at the same time, the number of homes sold fell 10.5% and the number of homes for sale rose 11.7%." The median days on market is 45 days. The Wyoming market is less affordable, and households face double the monthly cost for homeownership versus renting in many regions.​

FHA Fair Housing Compliance Note

All factual market statements are strictly based on region, pricing, supply, and demand data. No advice or conclusions reference protected characteristics (race, color, religion, sex, disability, familial status, national origin), nor do they steer buyers to or from any neighborhoods. This ensures full compliance with FHA and the Fair Housing Act guidelines.