$4,156 Closing Credit*
$350,000
1,022 SqFt
3 Beds
•1 Full Bath
Lacey Summers, Lauren Cummings, Listing Office: Bella Casa Real Estate Group
Is Sheridan, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sheridan has remained a Buyer's Market.
Key Takeaway
Sheridan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sheridan, OR
How much do homes in Sheridan, OR cost?
Median Sold Price
$369,999
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, down 1.3% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $189K | +11.2% |
| 2 Bedrooms | $385K | $286K | -25.7% |
| 3 Bedrooms | $360K | $360.5K | 0.1% |
| 4 Bedrooms | $395K | $499.9K | +26.6% |
| 5+ Bedrooms | $1.4M | $606.8K | -58.1% |
Summary: Sheridan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 58.1%.
Housing Supply in Sheridan, OR
How many homes are available in Sheridan, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Sheridan real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 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 increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sheridan in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 20 Days | -62.1% |
Summary: Homes in Sheridan had an average of 20 days on market in Oct 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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, 3 homes were sold in Sheridan; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.