Wyoming Has More Than 160 Homes For Sale Over $1 Million; Realtors Say This Is Becoming More Common

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By Ellen Fike, Cowboy State Daily

Wyoming has more than 160 homes for sale with an asking price of more than $1 million, a figure realtors say is becoming more and more common.

Unsurprisingly, some of these homes are in Jackson, but Zillow real estate listings show multiple million-dollar homes for sale in Cody, Dubois, Laramie and Cheyenne, ranging anywhere from $1.1 million to $12 million.

“Since Jan. 1, 2021 to [Thursday], there have been 11 homes that have sold for more than $1 million in Cheyenne and Laramie County,” Realtor Wendy Volk told Cowboy State Daily on Thursday. “We’ve never had that happen here.”

Volk said that as of Thursday, there were three homes in Cheyenne for sale that were priced at more than $1 million. The average price of a home in Cheyenne is around $315,000.

She noted that any house for sale in Cheyenne that comes with a $1 million-plus price tag will come with at least some acreage, allowing for the owner to spread out on the space.

For example, one of the Cheyenne homes available on Zillow listed at $1.3 million comes with five bedrooms and five bathrooms and sits on 1.5 acres of land. It also has a “stunning” wine room, an “opulent” domed entry and ceiling windows, according to the Zillow description.

A house in Casper listed for $1.8 million comes with six bedrooms and six bathrooms and sits on 1.3 acres. While the lot size is technically smaller, this house also comes with its own dance studio, movie theater, gym and walking path.

One house in Sheridan that is listed for sale at $4.9 million features four bedrooms and four and one-half bathrooms and sits on almost 16 acres of land. It also has a guest house, a meat locker and enough garage space for eight cars.

Sheridan real estate agent Victoria Haun primarily deals in ranch and land deals, so it is not uncommon for her to see deals priced at $1 million or more.

Like with Volk, Haun noted that any home in the Sheridan area that’s going to sell for $1 million will come with at least some acreage.

Both Volk and Haun said they were seeing an increase in clients coming in from out of state.

“We’re seeing a lot more interest in properties with a lot of land in this area, and I think it’s appealing to people in a higher tax bracket who see that Wyoming doesn’t have a state income tax,” Haun said. “It would essentially be a pay raise if they can move out here and claim a Wyoming home as their primary residence.”

According to the Washington Post, the total number of cities where the typical home is priced above $1 million is now 481.

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