Market Snapshot

Powder Horn Ranch by the numbers

Powder Horn Ranch real estate data for Q1 2026 — compiled from the Sheridan County MLS, March 2026. All figures reflect active single-family home listings in this Sheridan, Wyoming golf community.

Median Sale Price
$1,300,000
Single-family homes, Powder Horn Ranch
↑ +154.7% year-over-year
Avg Price / Sq Ft
$393 / sf
Range: $322/sf to $598/sf across active listings
↑ +6.5% year-over-year
Average Home Size
2,558 sq ft
Range 2,062–3,086 sf; 3-car garages common
New construction active
Median Days on Market
100 Days
Mid-point of recent Powder Horn Ranch sales
↓ -53.1% year-over-year
Market Type
Luxury
Golf community — homes $749K to $1.65M+
↑ Seller’s market
Active Listings
31 Properties
Homes, lots, and land across all segments
↑ +2.5% year-over-year

Performance Metrics

Sheridan, WY real estate market indicators

Powder Horn Ranch year-over-year performance metrics, Q1 2026.

Metric Current Value Year-over-Year Change
Market Classification
Luxury Golf Community
⛳  Wyoming’s #1 Golf Community
Median Sale Price
Single-family homes, Powder Horn Ranch
$1,300,000
📈 +154.7%
Average Price per Sq. Ft.
Based on active listings, March 2026
$393
📈 +6.5%
Average Days on Market
Powder Horn Ranch — all home sales
115 Days
Stable
Median Days on Market
Mid-point of recent Powder Horn sales
100 Days
📉 -53.1%
Active Listings
Homes, lots & land currently on market
31 Properties
📈 +2.5%
Avg. Price per Sq. Ft. — Sheridan County
Broader market benchmark for comparison
$232
📉 -22.4%
Powder Horn Premium vs. County
How much more per sf vs. Sheridan County avg
+$161 / sf
69% Premium
Wyoming State Income Tax
Key driver of sustained out-of-state demand
0%
🏆 Ongoing Advantage

Pricing Intelligence

Powder Horn Ranch price per square foot analysis

Calculated from all 8 active single-family home listings in Powder Horn Ranch, March 2026.

Active Home Listings

$393/sf
10 Oak Tree Ct — 3,086 sf$322/sf
35 Primrose Ln — 2,207 sf$339/sf
8 Buckskin Dr — 2,554 sf$368/sf
2 Wishbone Way — 2,439 sf$400/sf
102 Cayuse Ct — 2,062 sf$412/sf
21 Wishbone Way — 2,130 sf$437/sf
19 Dornoch Dr — 2,424 sf$462/sf
27 Heather Hill — 2,760 sf$598/sf

Summary Statistics

8 homes
Average $/sq ft$393/sf
Median $/sq ft$406/sf
Lowest $/sf (10 Oak Tree Ct)$322/sf
Highest $/sf (27 Heather Hill)$598/sf
Average home size2,558 sf
Smallest home2,062 sf
Largest home3,086 sf
Average list price$1,005,737
Price Distribution — Active Home Listings
Under $800K
2 homes
$800K – $950K
3 homes
$950K – $1.1M
2 homes
Over $1.1M
1 home

Price / Sq Ft by Listing — Sorted Low to High

Active Homes · Q1 2026
$322Oak Tree
$339Primrose
$368Buckskin
$400Wishbone 2
$412Cayuse
$437Wishbone 21
$462Dornoch
$598Heather Hill

Market Intelligence

What’s driving Powder Horn Ranch home values

Key factors shaping the Powder Horn Ranch real estate market heading into spring 2026.

🏔
Wyoming Tax Advantage
0% Income Tax
Think about what 0% state income tax actually means: a buyer earning $500K annually saves $20,000–$50,000+ per year depending on their home state. That's real money — and it's one of the biggest reasons Sheridan keeps appearing on relocation radar screens across the country.
Days on Market Context
100 Day Median
A 53% drop in median days on market isn't noise — it's a signal. Luxury buyers take their time (and they should, at this price point), but once they decide, they're moving faster than ever. That's the difference between a market softening and a market maturing.
Golf Course Lots
Scarce
There's a reason fairway-adjacent homesites command $325K–$585K: once the community is built out, you simply can't create more of them. These aren't just lots — they're finite pieces of a place people actively want to live. That scarcity has a way of holding value regardless of broader market cycles.

Community Profile

About Powder Horn Ranch — Sheridan, Wyoming

Imagine waking up to Bighorn Mountain views every morning, stepping outside to one of Wyoming's finest golf courses, then driving five minutes to a charming downtown full of great restaurants and local shops. That's everyday life at Powder Horn Ranch — Sheridan County's premier luxury golf community, surrounding the acclaimed Powder Horn Golf Club, designed by Dick Bailey and consistently ranked Wyoming's finest 18-hole course.

It's a lifestyle that's genuinely hard to replicate anywhere else. You're close enough to downtown Sheridan to grab coffee or catch a show, yet surrounded by nature at a scale most people only dream about — trout fishing in Little Goose Creek, hiking trails winding into the Bighorn National Forest, polo grounds minutes away, and ski slopes in winter. And with Wyoming's #1 ranked school district right here in Sheridan County, families don't have to choose between quality of life and quality of education.

Whether you're drawn to a move-in-ready estate on a fairway lot or a custom homesite where you can build exactly what you've envisioned, Powder Horn has it. Architectural standards protect the community's premium character — so your investment holds its value alongside neighbors who share the same commitment to quality. Add Wyoming's zero state income tax to the picture, and it's no wonder buyers from California, Colorado, and Texas keep choosing Sheridan. The data tells the story: median prices up 154.7% year-over-year.

  • Powder Horn Golf Club18-hole championship course — Wyoming’s #1 ranked golf community
  • 💧
    Little Goose CreekCreek-front homesites, fishing & walking trail access
  • 🏔
    Bighorn Mountain ViewsPanoramic views from most properties in the community
  • 🏫
    Wyoming’s #1 School DistrictSheridan County schools consistently top-ranked in Wyoming
  • 🏙
    Minutes to Downtown SheridanHistoric Main Street, dining, shopping, and medical nearby
  • 🦌
    Outdoor RecreationHiking, fishing, skiing, polo, and equestrian activities nearby
Your Local Expert

About Chad Conley

CC
Chad A. Conley
REALTOR® | eXp Realty LLC
License #15898 | Sheridan, WY

I've spent years watching Sheridan's market evolve from a local secret to one of the most talked-about relocation destinations in the Mountain West — and I've helped buyers and sellers navigate every phase of that shift. Powder Horn Ranch isn't just a market I track on a spreadsheet; it's a community I know personally.

If you're relocating from out of state, I understand the questions you're wrestling with — I've heard them hundreds of times. What's the school district actually like? How does Wyoming's tax advantage translate to real dollars? Which lots in Powder Horn will hold value? I give you the straight answers, not the sales pitch.

Licensed with eXp Realty LLC (#15898), based at 820 W 12th St, Sheridan WY 82801. Market data sourced from Sheridan County MLS. This report is updated quarterly.

WY
Licensed
MLS
Verified Data
Q1
2026 Report

Frequently Asked Questions

Powder Horn Ranch real estate FAQ

Common questions about buying and selling homes in Powder Horn Ranch, Sheridan, Wyoming.

What is the median home price in Powder Horn Ranch, Sheridan WY?

As of Q1 2026, the median sale price for single-family homes in Powder Horn Ranch is $1,300,000 — a 154.7% year-over-year increase. Active listings range from $749,000 to over $1.65 million.

What is the price per square foot in Powder Horn Ranch?

The average price per square foot in Powder Horn Ranch is $393/sf (March 2026), ranging from $322/sf to $598/sf. This is a 69% premium over the Sheridan County average of $232/sf.

How long do homes stay on the market in Sheridan, Wyoming?

In Powder Horn Ranch, the median days on market is 100 days as of Q1 2026 — a 53.1% decrease year-over-year. The luxury buyer profile means longer decision timelines compared to the broader Sheridan County market.

Why are people buying homes in Sheridan County, Wyoming?

Wyoming's 0% state income tax, world-class outdoor recreation, top-ranked schools, and significantly lower costs than comparable mountain communities (Colorado, Montana) continue to draw buyers from California, Texas, and beyond. Powder Horn Ranch offers golf course living at the base of the Bighorn Mountains.

How do I buy or sell a home in Powder Horn Ranch?

Contact Chad Conley of eXp Realty (License #15898), a Powder Horn Ranch specialist with deep knowledge of the Sheridan and Johnson County, Wyoming market. Call (307) 763-9462 or visit chadconleyrealestate.com.


Your Powder Horn Ranch Specialist

Ready to buy or sell in Powder Horn Ranch?

Whether you're curious what your home is worth today, ready to make an offer, or just starting to explore — let's talk. No pressure, no jargon, just honest local expertise from someone who knows this community inside and out.