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Wyoming Housing Market

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LikeRE.com
Wednesday, 09 April 2025

If you're keeping an eye on the Wyoming real estate scene — whether you're a buyer, investor, or just curious — the market has shown solid growth over the past year. From small towns to high-end resort areas, prices are rising, inventory is shifting, and regional trends are creating very different market experiences depending on where you look.

Here's a breakdown of what's happening across the state right now:

Statewide Overview
  • Average home value: Around $353,000
  • Annual price increase: Approximately 6% over the past year
  • The market shows steady growth, with demand largely driven by out-of-state buyers, retirees, and remote workers seeking open space and affordability.
Laramie
  • Median listing price: ~$425,000
  • Market type: Leaning toward a buyer's market
  • A balanced inventory of homes and rentals is helping to keep competition moderate. Prices have risen modestly but remain accessible compared to other states.
Jackson Hole
  • Median home price: Over $3 million
  • Market type: High-demand, luxury-driven, very limited inventory
  • Land protections and affluent buyers keep prices elevated. Jackson remains one of the most exclusive markets in the U.S., with limited development opportunities and strong appreciation over the years.
What to Expect in 2025
  • Moderate price growth is expected across most of Wyoming, with rural areas remaining more affordable.
  • Inventory is slowly improving, which may help stabilize price acceleration.
  • Mortgage rates are softening, potentially boosting buyer confidence as the year progresses.
  • Affordability concerns are rising in resort towns and high-demand areas, especially for working-class residents.
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