$5,047 Closing Credit*
$425,000
3,752 SqFt
Listing Office: Concept Z-Home & Property
Is Sheridan, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, WY
How much do homes in Sheridan, WY cost?
Median Sold Price
$561,239
$215/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$8,760(-1.5%)
Key Takeaway
Homes in Sheridan have sold for 1.5% less than they did a month ago.
Summary: The median home sold price in Sheridan was $561,239 in October 2024, down 1.5% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | - | N/A |
| 2 Bedrooms | $570K | - | N/A |
| 3 Bedrooms | $498K | $456.2K | -8.4% |
| 4 Bedrooms | $293.5K | $431.5K | +47.0% |
| 5+ Bedrooms | $1.1M | $852.5K | -26.7% |
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 did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 47%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Sheridan | $570K | $561.2K | -1.5% |
| Sheridan South | $585K | $565K | -3.4% |
Housing Supply in Sheridan, WY
How many homes are available in Sheridan, WY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Sheridan real estate market had 27 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Sheridan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Sheridan in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Sheridan, WY
How long does it take to sell a home in Sheridan, WY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 81 Days | -25.0% |
Summary: Homes in Sheridan had an average of 81 days on market in Oct 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sheridan has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Sheridan; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Wyoming MLS. All Rights Reserved.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.