June 30, 2026 · Updated July 4, 2026 · 2 min read
Cody Housing MarketJune 2026
Cody is still a buyer's market, and it just tilted further that way. Supply climbed from 7.3 months to 8.7 months in the last month, meaning it would now take 8.7 months to sell everything sitting on the market at the current pace. Homes are closing at a median $487,000, sellers are asking a median $674,000 for what's active, and the gap between what they list at and what actually sells, per square foot, still sits near 18 percent. Buyers have room right now. Sellers who price to what's actually closing are still finding buyers.
What's actually happening
Months of supply is the number that moved the most. It measures how long it would take to sell every home currently on the market at the pace homes are selling, and it jumped from 7.3 months to 8.7 months in a single month, a 19.2 percent jump. That's a real step toward buyers. Past six months of supply usually favors buyers, and Cody is now well past that line.
The gap between what sellers are asking and what homes are actually selling for, per square foot, hasn't closed. It sits at 18 percent, about even with last month's 18.5 percent. Sellers are asking $278 a square foot while sold homes are closing around $236. Same story I flagged last month: sellers are still aiming high, and it's still not lining up with what buyers are actually paying.
Timing tells a different piece of it. Active listings now show a median 56 days on market, down sharply from 75 days last month. Sold homes closed at a median 50 days. That drop isn't homes moving faster, it's the pool of active listings refreshing. Fifty five new listings hit the market in the last 30 days, only two went under contract, and 25 closed. With just two homes under contract out of 165 active, the pace of buyers actually committing is thin.
Zoom out to the year and prices are still climbing, just slowly. Median sale price is up 3.8 percent from $469,000 a year ago to $487,000 now, while the number of homes sold is down 5.8 percent over that same year. Fewer sales, prices holding. The typical sold home in Cody is a 3 bed, 2 bath place around 2,080 square feet, and most sales land between $370,000 and $630,000.
If you're buying
If you're shopping single-family residential in Cody right now, you have leverage, and it's growing. Supply moved from 7.3 to 8.7 months in a single month, and only two homes are currently under contract out of 165 active. Sellers are competing for a thin pool of buyers who are actually ready to commit. Use the 18 percent gap between asking price and selling price per square foot as your starting point in negotiations, not the list price on the sign.
If you're selling
If you're selling, the market is telling you to price at what's actually closing, not at what you wish it would. Sellers are asking about 18 percent more per square foot than homes are actually selling for, and that gap hasn't moved much since last month. Active listings are sitting a median 56 days, sold homes closed in 50. Price at or near the comps and you'll sell in that window. Price above it and you'll just add to the 165 homes already sitting on the market waiting.
Data Source
This article is based on verified residential market data recorded in the Northwest Wyoming Board of REALTORS® MLS. Market statistics and inventory levels reflect conditions in Cody during June 2026.
Whether you're considering a purchase, preparing to sell, or simply tracking local real estate trends, the REALTORS® at Richard Realty can help you interpret the data, understand current market conditions, and make informed real estate decisions.
