Is Sheridan, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sheridan was a Neutral Market.

Key Takeaway

Sheridan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sheridan, CO

How much do homes in Sheridan, CO cost?

Median Sold Price

$435,000

$264/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$11,750(+2.8%)

Key Takeaway

Homes in Sheridan have sold for 2.8% more than they did a month ago.

Summary: The median home sold price in Sheridan was $435,000 in November 2024, up 2.8% from last month, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $530K-
N/A
3 $316.5K$394K
+24.5%
4 -$454K
N/A
5+ --
N/A

Summary: Sheridan housing prices by bedroom type for November 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 24.5%, 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

Oct 2024Nov 2024CHANGE
1416+14.3%

Summary: The Sheridan real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 67
+16.7%
4 22
0.0%
5+ 45
+25.0%

Summary: The Sheridan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 4 homes were sold or pending in Sheridan in November 2024, up by 100.0% month-over-month. Of the 4 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

Oct 2024Nov 2024CHANGE
35 Days12 Days-65.0%

Summary: Homes in Sheridan had an average of 12 days on market in Nov 2024, down by 65% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Sheridan; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 10/01/2024 - 12/01/2024

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Last updated on: 12/21/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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