Home Prices in Cheyenne WY for October 2014
Real estate market data for Cheyenne, WY provided by Connie Webb of Move2Cheyenne.com (Century 21 Bell Real Estate.
Cheyenne Home Prices
We have seen almost 11 straight months of listing price increases on home prices in Cheyenne and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Cheyenne but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling for a smidge above asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Cheyenne home on which you are making an offer.
If you are interested in how much current inventory is on the market in Cheyenne you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Cheyenne, homes have a median time of 32 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Cheyenne has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Cheyenne Real Estate Report Summary
The median list price in October for single family city homes in Cheyenne is $191,670. The list prices decreased by 0.033% from the previous month.
The price per square foot for sold listings in this area is $86.06.
The median sale price in September for single family homes is $191,800.
The number of active listings in Cheyenne (82007) dropped by 38.5% from the previous month. The median number of days active properties have been listed is 46. This is significantly shorter than the national average. The number of sales in September dropped by 88.9% from the previous month.
Find Homes for Sale in Cheyenne WY
Visit my website to search for homes in Cheyenne or to be notified when Cheyenne homes come on the market.
To find out what you home is worth in the current market email me or call 307-630-7637.
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