The story of this market
The typical home in Sheridan, Wyoming sells for about $395,139, or $252 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,800 a month.
Monthly price momentum
Home values since 2015
+5%
WY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Sheridan, Wyoming
The Sheridan housing market is currently experiencing a period of stabilization, with median prices showing a slight year-over-year decline while inventory remains tight. High interest rates and a lack of seller motivation continue to constrain supply, keeping the market in a balanced but cautious state. Buyers are finding more leverage than in previous years, as evidenced by the increased sale-to-list price gap.
No ARED county foreclosure postings attributed to Sheridan yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 7.4% year over year.
Homes spend a median of 61 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 90% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Provides vast opportunities for hiking, camping, and winter sports, serving as a primary regional draw for residents and tourists.
A central historic anchor in the city, representing the architectural heritage of the region.
Sheridan is well-suited for families and outdoor enthusiasts who value a small-town atmosphere with access to significant natural amenities and a stable, community-oriented lifestyle.
Sheridan schools are generally regarded as stable, serving a community-focused population with consistent academic performance metrics.
The city is served by major highway corridors including I-90, facilitating regional transit and logistics.
Sheridan offers extensive access to outdoor recreation, including proximity to the Bighorn National Forest, local parks, and historic downtown amenities.
The rental market in Sheridan is characterized by limited inventory and rising costs, with a median rent of $1,800 per month reflecting tight supply.
Sheridan's economy is anchored by regional services, tourism, and small-scale industry, maintaining steady momentum as a hub for northern Wyoming.
Sheridan serves as a regional economic hub with steady development, supported by local government initiatives and a mix of small-to-medium enterprises.
Parcels in Sheridan are subject to standard municipal, county, and school district levies, with no major MUD/PID structures reported.
The area faces typical mountain-west climate risks, including wildfire potential in surrounding forested regions and seasonal wind events.
Property taxes in Sheridan are assessed at the county level based on fair market value, with specific mill levies applied by the city, county, and school district.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and ACS 2024 profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.