$18,000
0.81 Acres
Land
#24042365, James Edmonds, Listing Office: Jenica Clement Properties
Is Sheridan, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sheridan was a Buyer'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, AR
How much do homes in Sheridan, AR cost?
Median Sold Price
$235,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,250(+47.9%)
Key Takeaway
Homes in Sheridan have sold for 47.9% more than they did a year ago.
Summary: The median home sold price in Sheridan was $235,500 in October 2024, up 47.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $118.9K | +10.6% |
| 2 Bedrooms | $60K | $91.2K | +52.1% |
| 3 Bedrooms | $190K | $205K | +7.9% |
| 4 Bedrooms | - | $355K | N/A |
| 5+ Bedrooms | - | $438.2K | N/A |
Summary: Sheridan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 52.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sheridan | $159.2K | $235.5K | +47.9% |
| Merry Green Township | $159.2K | $219.9K | +38.1% |
Housing Supply in Sheridan, AR
How many homes are available in Sheridan, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Sheridan real estate market had 56 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Sheridan in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Sheridan, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.