$95,000
Tract 29 Mesa Trl N
Cheyenne, WY
0 ba
Land9.31 acres
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Sarah Mitchell
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Compass Real Estate · Cheyenne, WY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cheyenne, WY(512) 555-0184TX License #0512847
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Cheyenne, WY Housing Market & Real Estate
Seller's market+2.8% YoY
Housing market overview · Updated monthly ·
$370,000median sale price
How is the Cheyenne, WY housing market right now?
The median home sale price in Cheyenne, WY is $370,000, up 2.8% year-over-year. Homes sell in an average of 21 days with 152 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cheyenne a buyer's or seller's market?
Seller's market1.4 months of supply21 avg. days on market
Cheyenne, WY is currently a seller's market, based on 1.4 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
109
Last 12 weeks
Days on market
21
Average pace
Active listings
152
1.4 months supply
Sale-to-list
—
Below asking
What does the Cheyenne housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $370,000 |
| Median list price | $395,000 |
| Year-over-year price change | +2.8% |
| Average days on market | 21 days |
| Active inventory | 152 listings |
| Months of supply | 1.4 months |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 109 |
| New listings (latest month) | 115 |
| Listings with a price cut | 23.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cheyenne by property type?
How the Cheyenne, WY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $377,000 | $191/sq ft | 92 | 22 days |
| Condo / Co-op | $313,700 | $273/sq ft | 2 | 12 days |
| Townhouse | $340,000 | $156/sq ft | 17 | 20 days |
Source: Redfin · Updated monthly
The Cheyenne housing market is currently classified as a seller's market with a median sale price of $370,000. Prices have risen 2.8% compared to last year, with homes spending an average of 21 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Cheyenne
There are currently 152 homes listed for sale in Cheyenne, Wyoming. The median listing price is $395K. Featured listings range from $95,000 to $580,000.
$204,900
212 Country West Rd Unit C
Cheyenne, WY
3 bd2 ba988 sqft$207/ft²
Condo
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$300,000
1907 E Pershing Blvd
Cheyenne, WY
4 bd2 ba1,344 sqft$223/ft²
House4,792 sqft lot
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$368,000
4500 Ontario Ave
Cheyenne, WY
3 bd2 ba1,632 sqft$225/ft²
House7,841 sqft lot
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$419,000
5400 Alex Ranch Rd
Cheyenne, WY
4 bd3 ba2,120 sqft$198/ft²
House4,792 sqft lot
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$440,000
10507 E Polo Plate
Cheyenne, WY
4 bd2 ba2,066 sqft$213/ft²
House2.11 acres
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$485,000
848 Western Hills Blvd
Cheyenne, WY
5 bd3 ba2,561 sqft$189/ft²
House13,939 sqft lot
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$498,900
6912 Ridge Rd
Cheyenne, WY
4 bd3 ba2,308 sqft$216/ft²
House2.03 acres
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$499,900
2102 Pack Saddle Rd
Cheyenne, WY
3 bd2 ba2,820 sqft$177/ft²
House8,276 sqft lot
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$525,000
39 Arizona St
Cheyenne, WY
3 bd2 ba2,038 sqft$258/ft²
House17,860 sqft lot
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$575,000
7813 Powderhouse Rd
Cheyenne, WY
4 bd2 ba3,296 sqft$174/ft²
House2.06 acres
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$580,000
407 Dayshia Ln
Cheyenne, WY
5 bd3 ba3,106 sqft$187/ft²
House3.19 acres
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Looking to buy in Cheyenne?
Get connected with a local real estate expert — free, no obligation.
Active listings
152
Homes on market
Median list price
$395K
Avg. days on market
21
Days until sale
New this week
115
Newly listed
Price drops:23.7%of listings
Who lives in Cheyenne?
Population
64,976
Median income
$77,176/yr
Median age
38.9 years
Owner-occupied
67.7%
College grads
32.9%
Avg commute
16.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Cheyenne?
Zillow home value
$391,685
Zillow rent index
$1,494/mo
Price-to-rent ratio
21.8x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Cheyenne?
Cheyenne is a community of approximately 65K residents with a median age of 38.9 years.The median household income is $77,176, which reflects a relatively affluent area with strong earning potential. 32.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 16.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cheyenne offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cheyenne?
38 schools tracked · 13,566 students
The largest public schools serving Cheyenne, WY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
East High School
Grades 9-12 · 1,506 students
Central High School
Grades 9-12 · 1,284 students
South High School
Grades 9-12 · 1,159 students
Carey Junior High School
Grades 7-8 · 836 students
Johnson Junior High School
Grades 7-8 · 640 students
McCormick Junior High School
Grades 7-8 · 619 students
Meadowlark Elementary
Grades 5-6 · 485 students
Prairie Wind Elementary
Grades K-6 · 443 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cheyenne, WY?
Want a head-to-head view? Compare Cheyenne side-by-side with any other U.S. city using our market-comparison tool.
Is Cheyenne a good real estate investment market?
For investors evaluating Cheyenne, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cheyenne's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cheyenne's median home price.
Frequently asked questions
What is the average home price in Cheyenne?
The median home sale price in Cheyenne is $370,000, up 2.8% from last year.
How long do homes stay on market in Cheyenne?
Homes typically spend 21 days on market before going under contract.
What is the median income in Cheyenne?
The median household income is $77,176 per year.
Is Cheyenne a buyer's or seller's market?
With 1.4 months of supply, Cheyenne is currently a seller's market.
How many homes are for sale in Cheyenne?
There are currently 152 homes listed for sale in Cheyenne, WY.
What is the Zillow home value estimate for Cheyenne?
The Zillow Home Value Index (ZHVI) for Cheyenne is $391,685, representing the typical home value in the area.
What is the median condo price in Cheyenne?
The median condo/co-op sale price in Cheyenne, WY is $313,700, compared to $377,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cheyenne?
The median single-family home price in Cheyenne, WY is $377,000 (about $191 per square foot).
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