Is Sheridan, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Sheridan has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sheridan, IN

How much do homes in Sheridan, IN cost?

Median Sold Price

$293,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$68,000(+30.2%)

Key Takeaway

Homes in Sheridan have sold for 30.2% more than they did a year ago.

Summary: The median home sold price in Sheridan was $293,000 in April 2024, up 30.2% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$119K
N/A
2 $141.7K$329K
+132.1%
3 $231.5K$249.9K
+7.9%
4 $265K$313.5K
+18.3%
5+ $175K$347.5K
+98.6%

Summary: Sheridan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 132.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 98.6%.

Median Sold Price Compared To Nearby Cities

Sheridan
+30.2%
Adams Township
+11.7%

Housing Supply in Sheridan, IN

How many homes are available in Sheridan, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3943+10.3%

Summary: The Sheridan real estate market had 43 homes for sale in April 2024, a 10.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 1717
0.0%
4 89
+12.5%
5+ 12
+100.0%

Summary: The Sheridan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheridan, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Sheridan in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for Sheridan, IN

How long does it take to sell a home in Sheridan, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days30 Days+14.9%

Summary: Homes in Sheridan had an average of 30 days on market in Apr 2024, up by 14.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sheridan are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in Sheridan; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 12 Days Ago

Newest Listings in Sheridan, IN

Nearby Markets to Sheridan, IN