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Dynamic.RE · SFR Market Intelligence

Casper, Wyoming Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through
Sep 2026
Dynamic.RE Verdict
Buyer's Market
Under 0.90 buyers per home for sale, sellers compete for buyers. Casper sits at 0.15, with 22% of sellers already cutting their price.
Median list price
$404,301
+5.5%
Demand : Supply
0.15
Days on market
45 days
Time to go under contract

Yes, if you negotiate. Buyers have the upper hand in Casper right now.

You have the upper hand in Casper. Most homes for sale still have no buyer. Many sellers have already dropped their price once. Sellers are competing for you. Use it.

01
The market at a glance
Median $ / sqft
$180
Active inventory
212
New listings / mo
118
Days on market
45 days
Price-cut share
22.3%
Pending sales
32
02
Where we are in the cycle
Median asking price
$404,301
18% below the May 2026 peak of $494K
Homes for sale
212
3.3× the Feb 2022 low of 65
Days to sell
45 days
2.9× slower than the 16-day Jun 2022 low
03
The renter economy
26%
Renter share · of occupied homes
8.2%
Vacant homes · all units
$72.7K
Median household income
5.6×
Price-to-income · list ÷ income
04
What this means for investors

How much can you negotiate in Casper?

Only 15 out of every 100 homes for sale have found a buyer. The other 85 are still waiting. Your offer may be the only one on the table. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Casper home takes 45 days to find a buyer. Half of them take even longer. That is 12% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 212 homes for sale in Casper. That is 3.3 times the tightest month on record, but below the peak of 519. Supply is shrinking against last year.

What to do about it

  • Search Casper homes listed 60+ days ago that have already cut their price.
  • Offer below the reduced price.
  • Keep your inspection and financing contingencies.
  • Ask the seller to pay closing costs.
  • You can lose a few offers here and still win.

Is now a good time to buy in Casper?

Asking prices are 18.1% below their May 2026 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Casper prices have risen in 100 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Casper?

In Casper, 26 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 32 in 100. Casper lost about 1,500 renter households in five years. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 3% in five years. The housing stock held flat. Demand is outrunning supply. 8.2% of homes sit empty. That is normal for a healthy market.

The median Casper household earns $72,660 a year. Incomes here have grown 2.9% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 5.6 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,816 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Casper deal with?

  • Price growth to assume — +5.0%/yr. Casper has grown about 6.0% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices were flat over the last year.
  • Months of carrying cost — 2. A typical home takes 45 days to sell. Budget that long when you exit or refinance.
  • Odds you cut your price to sell — 1 in 4. About 22% of homes on the Casper market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
  • Comp on this, not median price — $180/sqft. The average listing runs +22% above the median. Luxury homes skew it. Comp your own size class per sqft.
  • Competition when you exit — -15%. That is how much the number of homes for sale shrank in a year. Your resale will face a smaller crowd than today's comps did.
  • Price-to-income ratio — 5.6×. A typical home costs 5.6 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Home prices have outrun incomes. Locals are being priced out.
  • Tenant rent ceiling — $1,816/mo. 30% of the median household income of $72,660. Rents above this line shrink your tenant pool fast.
05
Frequently asked questions

Is Casper a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Casper right now. 15 out of every 100 homes for sale have a buyer, 22% of sellers have cut their price, and a typical home takes 45 days to sell.

Are Casper home prices going up or down?

Asking prices are 18.1% below their May 2026 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What price growth should I assume for Casper?

Assume +5.0% a year. Casper has grown about 6.0% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices were flat over the last year.

How fast are homes selling in Casper?

A typical Casper home takes 45 days to find a buyer. Half of them take even longer. That is 12% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Casper a renters' market or an owners' market?

In Casper, 26 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 32 in 100. 8.2% of homes sit empty. That is normal for a healthy market.

What rent can Casper tenants afford?

A tenant on the median income can pay about $1,816 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Casper household earns $72,660 a year.

06
ZIP-level detail

Which ZIP codes are in Casper?

Casper has five ZIP codes. Each links to its live market dashboard.

  • 8260185 for sale · 20% cutting · 43 daysOnly 18 out of 100 homes here have a buyer.
  • 82602No homes listed for sale right now
  • 8260472 for sale · 25% cutting · 37 daysOnly 10 out of 100 homes here have a buyer.
  • 826051 for saleToo few listings to read the market. The dashboard has the history.
  • 8260955 for sale · 23% cutting · 60 daysOnly 15 out of 100 homes here have a buyer.
07
Where else to look

Markets similar to Casper

Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.

  • Milwaukee, WI — $288,037 median, 42 days, 0.16 buyers per home
  • Sugar Land, TX — $496,732 median, 52 days, 0.19 buyers per home
  • Columbia, MO — $447,348 median, 53 days, 0.04 buyers per home
  • Norfolk, VA — $360,910 median, 42 days, 0.01 buyers per home
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