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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Sheridan has remained a Neutral Market.

Key Takeaway

Sheridan is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sheridan, IL

How much do homes in Sheridan, IL cost?

Median Sold Price

$132,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$453,000(-77.4%)

Key Takeaway

Homes in Sheridan have sold for 77.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$132K
N/A
3 --
N/A
4 $585K-
N/A
5+ --
N/A

Summary: Sheridan housing prices by bedroom type for May 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sheridan, IL

How many homes are available in Sheridan, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
67+16.7%

Summary: The Sheridan real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 35
+66.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The Sheridan housing inventory by bedroom type for May 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 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Sheridan in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sheridan, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
120 Days4 Days-96.7%

Summary: Homes in Sheridan had an average of 4 days on market in May 2024, down by 96.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 May 2024, 1 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 2 Days Ago

Newest Listings in Sheridan, IL

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