Is Sheridan Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan Township is a seller's market

Buyer's
Market

Difference Since May 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, MO

How much do homes in Sheridan Township, MO cost?

Median Sold Price

$322,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,500(+5.7%)

Key Takeaway

Homes in Sheridan Township have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $75K$321.2K
+328.3%
3 $310K$302K
-2.6%
4 $325K$342.5K
+5.4%
5+ $315K$455K
+44.4%

Summary: Sheridan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 328.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 44.4%.

Median Sold Price Compared To Nearby Cities

Sheridan Township
+5.7%
Jackson No. 1 Township
+4.2%
Jackson Township
-8.1%

Housing Supply in Sheridan Township, MO

How many homes are available in Sheridan Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
440.0%

Summary: The Sheridan Township real estate market had 4 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The Sheridan Township housing inventory by bedroom type for May 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

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheridan Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Sheridan Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
5 Days300 Days+5900.0%

Summary: Homes in Sheridan Township had an average of 300 days on market in May 2024, up by 5900% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sheridan Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Sheridan Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 20 Days Ago

Newest Listings in Sheridan Township, MO

Nearby Markets to Sheridan Township, MO