Is Sheridan Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sheridan Township has remained a Seller's Market.
Key Takeaway
Sheridan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sheridan Township, IA
How much do homes in Sheridan Township, IA cost?
Median Sold Price
$250,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sheridan Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Sheridan Township was $250,000 in March 2024, down 2.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $151.2K | $159.8K | +5.7% |
| 3 Bedrooms | $300.9K | $255K | -15.3% |
| 4 Bedrooms | $365K | $350K | -4.1% |
| 5+ Bedrooms | $500.1K | $472.7K | -5.5% |
Summary: Sheridan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Davenport | $169.9K | $184.9K | +8.8% |
| Eldridge | $258.5K | $265K | +2.5% |
| Sheridan Township | $256.5K | $250K | -2.5% |
Housing Supply in Sheridan Township, IA
How many homes are available in Sheridan Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Sheridan Township real estate market had 34 homes for sale in March 2024, a 8.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sheridan Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sheridan Township in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Sheridan Township, IA
How long does it take to sell a home in Sheridan Township, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 50 Days | +58.4% |
Summary: Homes in Sheridan Township had an average of 50 days on market in Mar 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Sheridan Township; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.