Is Sheridan, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Sheridan was a Buyer's Market.
Housing Prices in Sheridan, WY
How much do homes in Sheridan, WY cost?
Median Sold Price
$359,000
$214/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Sheridan was $359,000 in April 2024, up 39% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $239.5K | - | N/A |
3 Bedrooms | $277.2K | $359K | +29.5% |
4 Bedrooms | - | $343K | N/A |
5+ Bedrooms | - | $672.5K | N/A |
Summary: Sheridan housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sheridan, WY
How many homes are available in Sheridan, WY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Sheridan real estate market had 26 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Sheridan in April 2024, up by 400.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Sheridan, WY
How long does it take to sell a home in Sheridan, WY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 109 Days | +137.2% |
Summary: Homes in Sheridan had an average of 109 days on market in Apr 2024, up by 137.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Sheridan; 0% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.