Is Sheridan, IN 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 November 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, IN

How much do homes in Sheridan, IN cost?

Median Sold Price

$310,872

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,872(+16.9%)

Key Takeaway

Homes in Sheridan have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Sheridan was $310,872 in November 2024, up 16.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $119K-
N/A
2 $240K$316.9K
+32.1%
3 $231.5K$277.5K
+19.9%
4 $300.8K$328.3K
+9.1%
5+ $555K$350K
-36.9%

Summary: Sheridan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 36.9%.

Median Sold Price Compared To Nearby Cities

Adams Township
+18.5%
Sheridan
+16.9%

Housing Supply in Sheridan, IN

How many homes are available in Sheridan, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4749+4.3%

Summary: The Sheridan real estate market had 49 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 2218
-18.2%
4 810
+25.0%
5+ 48
+100.0%

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 decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Sheridan in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for Sheridan, IN

How long does it take to sell a home in Sheridan, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days21 Days-15.1%

Summary: Homes in Sheridan had an average of 21 days on market in Nov 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 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 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Sheridan; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

Newest Listings in Sheridan, IN

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