$9,488 Closing Credit*
$799,000
1,777 SqFt
3 Beds
•2 Full Baths
Julie Friedrich, Listing Office: MORE Realty
Is Sheridan, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sheridan has remained a Seller'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, OR
How much do homes in Sheridan, OR cost?
Median Sold Price
$369,999
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.3%)
Key Takeaway
Homes in Sheridan have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Sheridan was $369,999 in November 2024, down 1.3% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $189K | +11.2% |
| 2 Bedrooms | $348.5K | $295K | -15.4% |
| 3 Bedrooms | $351.5K | $360.5K | +2.6% |
| 4 Bedrooms | $450K | $456K | +1.3% |
| 5+ Bedrooms | $1.4M | $435K | -70.0% |
Summary: Sheridan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 70%.
Median Sold Price Compared To Nearby Cities
| Sheridan | $375K | $369.9K | -1.3% |
| Sheridan | $375K | $369.9K | -1.3% |
Housing Supply in Sheridan, OR
How many homes are available in Sheridan, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Sheridan real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 13.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Sheridan in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Sheridan, OR
How long does it take to sell a home in Sheridan, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 235 Days | 54 Days | -76.9% |
Summary: Homes in Sheridan had an average of 54 days on market in Nov 2024, down by 76.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Sheridan; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.