Is Cheyenne, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheyenne is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cheyenne has remained a Seller's Market.

Key Takeaway

Cheyenne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cheyenne, OK

How much do homes in Cheyenne, OK cost?

Median Sold Price

$275,000

$94/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$165,000(+150.0%)

Key Takeaway

Homes in Cheyenne have sold for 150% more than they did a month ago.

Summary: The median home sold price in Cheyenne was $275,000 in October 2024, up 150% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $110K$275K
+150.0%
4 --
N/A
5+ --
N/A

Summary: Cheyenne housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 150%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cheyenne, OK

How many homes are available in Cheyenne, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The Cheyenne real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 01
+100.0%
5+ 22
0.0%

Summary: The Cheyenne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheyenne, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cheyenne in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cheyenne, OK

How long does it take to sell a home in Cheyenne, OK?

Average Sale Time

Sep 2024Oct 2024CHANGE
26 Days55 Days+111.5%

Summary: Homes in Cheyenne had an average of 55 days on market in Oct 2024, up by 111.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cheyenne has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Cheyenne; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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