$4,691 Closing Credit*
$395,000
864 SqFt
3 Beds
•2 Baths
Tiffany Rivera, Listing Office: NAV Real Estate
Is Sheridan, CO 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 Seller's Market.
Key Takeaway
Sheridan is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sheridan, CO
How much do homes in Sheridan, CO cost?
Median Sold Price
$423,250
$274/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$33,250(+8.5%)
Key Takeaway
Homes in Sheridan have sold for 8.5% more than they did a month ago.
Summary: The median home sold price in Sheridan was $423,250 in October 2024, up 8.5% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $458.9K | $530K | +15.5% |
| 3 Bedrooms | $350K | $316.5K | -9.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $390K | - | N/A |
Summary: Sheridan housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sheridan, CO
How many homes are available in Sheridan, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Sheridan real estate market had 14 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sheridan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sheridan in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sheridan, CO
How long does it take to sell a home in Sheridan, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 35 Days | +41.9% |
Summary: Homes in Sheridan had an average of 35 days on market in Oct 2024, up by 41.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Sheridan; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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