Market Intelligence Report — WY-940

Cheyenne, WY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WY-08
As of the latest 2026 data
Accelerated

Median Listing

$509K
+1.8% YoY

Pending Ratio

0.53
-1.3% YoY

Active Inventory

341
-9.1% YoY

Median DOM

42 Days
-10.6% YoY

Primary Intelligence Tool — Sold Score™

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Cheyenne's housing market is in an Accelerated condition, evidenced by a pending ratio of 0.53 and a notable 9.1% year-over-year decline in active listings. Despite a slight monthly price correction, the median listing price remains up 1.8% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.6%-0.3 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

102,938+1.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

47+23.7% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Cheyenne market right now.

The market exhibits mixed signals, with active listings contracting 9.1% over the past year while new listings increased by 10.8% year-over-year. Demand, as reflected by the pending ratio of 0.53, saw a marginal 1.3% decline year-over-year. Median listing prices have risen 1.8% over the past year, alongside a 5.7% year-over-year increase in median price per square foot.

Historical Analysis

Market Trends

Median Price

$509K-2.6% MoM

Active Inventory

341-9.1% YoY

Days on Market

42-10.6% YoY

Sold Score™

77-1.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

77
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The contracting active listing count, coupled with stable demand metrics, indicates a degree of inventory pressure, which tends to accelerate transaction pace. While the pending ratio suggests balanced absorption, the reduced days on market at 42 days indicates limited opportunities for protracted negotiations. Price discipline remains important amid increasing new listings.

Luxury Segment

The significant divergence between the median listing price, which is up 1.8% year-over-year, and the average listing price, which declined 5.6% year-over-year, suggests softness at higher price points. This is further supported by the elevated average-vs-median spread.

Supply Dynamics

341 active listings represent the current floor, with new supply arriving at roughly 164 per month.

Pricing Pressure
15.1%

of active listings carry a price reduction, -2.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.7% year-over-year.

Absorption
0.53

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Cheyenne, WY? Homes here are taking 5 days less to sell than last year.

Cheyenne, WY is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
53%
Median Days on Market
42 days
Inventory YoY
−9%

Cheyenne, WY is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Cheyenne, WY
CBSA Code
16940
State
WY

ZIPs in Cheyenne, WY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Cheyenne?+

    As of the latest 2026 data, the Cheyenne metro is classified as Accelerated. Pending ratio is 0.53 with median days on market at 42.

  • Are home prices dropping in Cheyenne?+

    Median listing price is $509K, +1.8% year over year. 15.1% of active listings carry a price reduction.

  • How fast are homes selling in Cheyenne?+

    The typical listing sits 42 days on market, a -10.6% change YoY. New listings are arriving at 164 per month.

  • What's happening in the Cheyenne luxury market?+

    The significant divergence between the median listing price, which is up 1.8% year-over-year, and the average listing price, which declined 5.6% year-over-year, suggests softness at higher price points. This is further supported by the elevated average-vs-median spread.

  • Where can I find a trusted Cheyenne real estate expert?+

    Primpted maintains a vetted registry of Cheyenne agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 16940 · 36mo history