Sheridan, WY metro area Housing Market Brief
metro · WY · as of August 2026
What is Sheridan, WY metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Sheridan, WY metro area in its market cycle?
Sheridan, WY metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Sheridan, WY metro area?
Our model forecasts Sheridan, WY metro area’s home prices to rise about 5.8% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Sheridan, WY metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $419K | ▼ -12.6% |
| Median Days on Market | 62 days | ▲ +24% |
| Months of Supply | 4.8 | ▲ +17.1% |
| Homes for Sale | 209 | ▼ -8.3% |
| Homes Sold | 45 | ▼ -21% |
| Median Price / Sq Ft | $308 | ▲ +6% |
How has Sheridan, WY metro area’s Alpha Score moved?
Markets like Sheridan, WY metro area
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- Spearfish, SD metro area, SDmetro45
- Moscow, ID metro area, IDmetro49
- Juneau, AK metro area, AKmetro57
- Easton, MD metro area, MDmetro44
- Williston, ND metro area, NDmetro51
- Newberry, SC metro area, SCmetro47
- Spirit Lake, IA metro area, IAmetro39
- Rock Springs, WY metro area, WYmetro51
Frequently asked questions
Is Sheridan, WY metro area a buyer's or seller's market?
As of August 2026, Sheridan, WY metro area is classified as a Balanced Market, based on its Alpha Score of 52 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Sheridan, WY metro area?
The median sale price in Sheridan, WY metro area is $419K, having fallen 12.6% over the past year.
How affordable is Sheridan, WY metro area?
Sheridan, WY metro area scores 15 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Sheridan, WY metro area's Alpha Score?
Sheridan, WY metro area's strongest dimension is Economic Strength (89/100) and its weakest is Rental Yield (6/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Sheridan, WY metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.