Wyoming Real Estate Market Update – August 2025
Wyoming’s real estate market remains one of the most intriguing in the country, combining steady price growth, increasing inventory, and the long-term financial advantages that make the state attractive to buyers from across the U.S.
As of August 2025, the market is showing a balance of opportunities and challenges for buyers, sellers, and investors. Here’s a breakdown of the latest trends.
1. Home Values & Pricing Trends
Home values across Wyoming continue to climb:
The average home value statewide is about $370,629, reflecting a 5.3% year-over-year increase.
Zillow data shows the median sale price at roughly $343,317, while median listings are closer to $432,917.
Redfin reports a 19.1% jump in the median sale price, bringing it to $484,700 compared to this time last year.
Takeaway: Wyoming home prices are appreciating faster than the national average, making it a solid market for long-term investment.
2. Inventory & Sales Activity
The pace of the market is shifting slightly as inventory increases.
Zillow shows over 1,000 new listings statewide as of late July.
Redfin reports 3,256 homes for sale, a 14.2% increase year-over-year.
Homes are selling in an average of 23 days, giving buyers more breathing room than in past years.
Takeaway: Buyers now have more options, and while the market is still competitive, properties are taking slightly longer to move—opening doors for negotiation.
3. Affordability & Market Dynamics
While Wyoming is not the cheapest state to buy in, it remains more affordable than many neighboring states.
The median sale price is around $410,200.
It takes about 5.7 years of median household income to purchase a home here, placing Wyoming in the middle tier nationally for affordability.
The “lock-in effect”—where sellers hesitate to list due to low existing mortgage rates—is still impacting supply, but new inventory is beginning to ease this pressure.
Takeaway: Wyoming offers a balance—more affordable than many western states like Colorado or Montana, with stronger long-term appreciation trends.
4. Regional Variations
Market trends vary significantly by county:
Sublette County: Median home prices surged to $500,000, but homes are taking longer to sell—163 days on average versus 96 days last year.
Teton County (Jackson Hole): Continues to dominate the luxury segment with global demand and extremely limited supply.
Statewide: Wyoming saw a 46% increase in foreclosure activity during the first half of 2025 compared to 2024, creating both risks and opportunities for buyers.
Takeaway: Local conditions vary—while some counties are heating up, others are cooling slightly with longer days on market.
5. What This Means for Buyers, Sellers & Investors
For Buyers: More inventory means greater opportunity, but rising prices suggest it’s smart to act sooner rather than later. Negotiation is possible in slower sub-markets.
For Sellers: Prices remain strong, but with inventory climbing, accurate pricing and home presentation are crucial for securing top offers.
For Investors: Wyoming’s growth, combined with tax advantages and appreciation trends, makes it an appealing market for long-term wealth building.
Wyoming Market Outlook
The Wyoming real estate market in August 2025 is defined by rising prices, growing inventory, and a widening gap between hot luxury markets and slower-moving rural areas. For buyers, now is a window of opportunity to secure property before values climb higher. For sellers, demand is still strong—especially for well-priced homes in desirable locations.
If you’re considering buying or selling real estate in Wyoming, let’s connect. I can help you understand the nuances of each market—whether it’s Jackson Hole luxury properties, Sublette County homes, or statewide investment opportunities—and guide you through your next move with confidence.
Frequently Asked Questions – Wyoming Real Estate Market
1. Are home prices going up in Wyoming?
Yes. Home values are up more than 5% year-over-year, with some areas (like Jackson Hole) seeing even stronger appreciation.
2. How long does it take to sell a home in Wyoming?
On average, homes sell in about 23 days, though luxury or rural properties may take longer.
3. Is Wyoming affordable compared to other western states?
Yes. While prices are climbing, Wyoming remains more affordable than Colorado, Montana, or Idaho in many areas, especially when factoring in tax advantages.
4. What are the biggest draws for buyers in Wyoming?
Low taxes, natural beauty, ranching opportunities, and stable property values make Wyoming attractive to both local and out-of-state buyers.
5. Are foreclosures increasing in Wyoming?
Yes, foreclosures rose by 46% in the first half of 2025 versus 2024, creating unique opportunities for value-focused buyers and investors.
Zillow – Wyoming Home Values & Listings (August 2025)
Redfin – Wyoming Housing Market Data (July–August 2025)
List With Clever – Wyoming Housing Market Affordability (2025)
Cheyenne Home Store – Wyoming Housing Market Predictions 2025
Wind River Mountain Living – Sublette County Mid-Year Market Report 2025