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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Sheridan Township was a Seller's Market.

Key Takeaway

Sheridan Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sheridan Township, IA

How much do homes in Sheridan Township, IA cost?

Median Sold Price

$310,425

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$61,425(+24.7%)

Key Takeaway

Homes in Sheridan Township have sold for 24.7% more than they did a year ago.

Summary: The median home sold price in Sheridan Township was $310,425 in September 2024, up 24.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $172.7K$177K
+2.5%
3 $253K$349.5K
+38.1%
4 $338.2K$398.2K
+17.7%
5+ $509K$435K
-14.5%

Summary: Sheridan Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Cities

Sheridan Township
+24.7%
Eldridge
+19.1%
Davenport
+5.2%

Housing Supply in Sheridan Township, IA

How many homes are available in Sheridan Township, IA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3836-5.3%

Summary: The Sheridan Township real estate market had 36 homes for sale in September 2024, a 5.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 1112
+9.1%
4 910
+11.1%
5+ 63
-50.0%

Summary: The Sheridan Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 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, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Sheridan Township in September 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
1 Days74 Days+6392.5%

Summary: Homes in Sheridan Township had an average of 74 days on market in Sep 2024, up by 6392.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Sheridan Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 30 Days Ago

Newest Listings in Sheridan Township, IA

Nearby Markets to Sheridan Township, IA

What housing markets are near Sheridan Township, IA?