Metropolitan market · Wyoming · September 2026 data

What is the Sheridan, WY real estate market doing?

As of September 2026, the median home listed in Sheridan, WY asks $593,150, up 8.4% year over year. Homes spend a median of 87 days on market, with 223 active listings and 15% carrying a price cut, and inventory sits at 105% of the same month in 2019 — a buyer-leaning market. Figures come from public records and industry data, updated monthly.

Median listing price
$593,150
▲ 8.4% YoY
Median $ / sq ft
$306
2,124 sq ft median
Median days on market
87
September 2026
Active listings
223
For sale now
New listings
44
September 2026
Listings with price cuts
15%
Share of active
Inventory vs 2019
105%
Same month, 2019 = 100
Median sale price (closed)
$435,000
▼ 9.2% YoY · closed sales · July 2026
Sale-to-list ratio
n/a
Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Homes sold / month
46
Closed sales · July 2026, seasonally adjusted

What is the Sheridan, WY housing market doing right now?

The Sheridan, WY housing market lists at a $593,150 median as of September 2026, up 8.4% year over year, with an 87-day median market time and 223 homes for sale (15% with a price cut). Active inventory is 105% of the 2019 level, reading as a buyer-leaning market by days-on-market pace.

Sheridan housing market statistics

The table summarizes Sheridan's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Sheridan.

Sheridan, WY housing market at a glance — September 2026
MetricLatestDetail
Median listing price$593,150+8.4% YoY
Median price per sq ft$3062,124 sq ft median
Median days on market87+27% YoY
Active listings223+11% YoY
New listings this month44September 2026
Listings with a price cut15%Share of active
Median sale price (closed)$435,000-9.2% YoY · closed sales, July 2026
Sale-to-list ration/aNon-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Inventory vs 2019105%Active listings vs same month in 2019

How have home prices changed in Sheridan?

Sheridan home prices are up 8.4% year over year and +1.4% month over month as of September 2026, at a $593,150 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$593K$560K$527K$493K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Sheridan WY · trailing 8 quarters · source: public records and industry data.

The 10-year view
$785K$657K$530K$402K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Sheridan WY · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Sheridan?

Sheridan has 223 active listings, 44 new this month as of September 2026. About 15% of active listings have cut their price, and inventory sits at 105% of its 2019 level — a buyer-leaning market by pace.

Active listings
223
New this month
44
Price-reduced
33

Is Sheridan a good real estate investment?

Sheridan scores 26/100 on WealthyBud's composite Investor Score, ranking #874 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
26/100
#874 of 933 covered metros
12-month outlook
-1.6%
Flat · model output, not advice
Momentum
60
Value
7
Rental yield
2
Supply risk
65
Market heat
13

Sheridan scores 26/100 on our composite Investor Score (#874 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 105% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 8.4% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Sheridan ranks on the trending markets index.

How much is a monthly mortgage payment in Sheridan?

A home at Sheridan's $593,150 median listing runs about $3,247 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$2,931/mo
−$316/mo vs today
At today's rate · 7.28%
$3,247/mo
National weekly average
If rates rise 1% · 8.28%
$3,575/mo
+$328/mo vs today

Principal & interest on the $593,150 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Sheridan?

To buy Sheridan’s $593,150 median listing with 20% down, a household needs about $151,000 a year in gross income, keeping principal, interest and property tax ($3,519/mo) at 28% of income. That is 2.1× the area’s $70,855 median household income, so a typical Sheridan household cannot afford the median listing on these terms.

Income needed to buy the median home in Sheridan, WY — September 2026
ItemAmountBasis
Median listing price$593,150September 2026
Down payment (20%)$118,630Assumption
Principal & interest (7.28%, 30-yr fixed)$3,247/moRate as of 2026-10-01
Property tax (0.55% effective rate)$272/moCensus ACS
Income needed (28% rule)$151,000Gross household income / yr
Median household income$70,855Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Sheridan housing market?

Longer-run demand in Sheridan shows up in 378 homes permitted in 2025; net migration of +416 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
378
▲ 22.3% vs 2024
12.0 per 1,000 residents
Net migration (2022–2023)
+416
▲ people, via tax-return records
net income flow +$32.5M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Sheridan housing market FAQ

What is the median home price in Sheridan?
As of September 2026, the median listing price in Sheridan, WY is $593,150, up 8.4% year over year (source: public records and industry data). Figures cover the Sheridan, WY metro area.
How much does it cost to buy a home in Sheridan?
The median home listed in Sheridan asks $593,150 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $3,247 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Sheridan?
The median property in Sheridan spends 87 days on the market, with 223 homes actively listed and 15% of them carrying a price cut — a buyer-leaning market as of September 2026.
Is it a buyer's or seller's market in Sheridan?
With a median 87 days on market and 15% of active listings carrying a price cut, Sheridan reads as a buyer-leaning market as of September 2026. Lean is based on days-on-market pace when closed-sale ratios are unavailable. Conditions shift monthly.
Is Sheridan a good place to invest in real estate?
Sheridan scores 26/100 on WealthyBud's Investor Score, ranking #874 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Sheridan?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Sheridan and the wider Wyoming market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Sheridan, WY metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

More Wyoming housing markets

Andre Fontaine Mortgage Market Analyst

Andre Fontaine is a mortgage market analyst who covers rate trends, loan products and lending standards using public Federal Reserve and HMDA data. He focuses on how financing conditions affect buyer affordability across income levels.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.