Sheridan Housing Market Report March 2025•Sheridan County, Wyoming

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Housing Prices in Sheridan, WY

How much do homes in Sheridan, WY cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Sheridan is a Buyer's Market

Difference Since February 2025

Last month, Sheridan was a Seller's Market.

Insight

Sheridan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$302,250$308/SqFt
-$186,410
-38.1%

Based on all homes sold in March 2025

Insight

Homes in Sheridan have sold for 38.1% less than they did a month ago.

Summary: The median home sold price in Sheridan was $302,250 in March 2025, down 38.1% from last month, and the median price per square foot was $308.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2-$302.2K
N/A
3$488.6K-
N/A
4$462.5K-
N/A
5--
N/A

Summary: Sheridan housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Sheridan, WY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Sheridan, WY

Housing supply in Sheridan, WY

How many homes are available in Sheridan, WY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
22Last MonthMar 2025
232 months agoFeb 2025
-4.3 %
Change MoMFeb – Mar

Summary: The Sheridan real estate market had 22 homes for sale in Mar 2025, a 4.3 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMar 2025
52 months agoFeb 2025
-60.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
101
+100.0%
222
0.0%
397
-22.2%
486
-25.0%
546
+50.0%

Summary: Sheridan housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -22.2%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Sheridan, WY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Sheridan, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sheridan in March 2025, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.

Days on Market for Sheridan, WY

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Sheridan has remained consistent over time.

Summary: During March 2025, 2 homes were sold in Sheridan; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
63 DaysLast MonthMar 2025
150 Days1 month agoFeb 2025
-58.1 %
Change MoMFeb – Mar

Summary: Homes in Sheridan had an average listing age of 63 days in Mar 2025, down by 58.1% compared to the previous month.

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Newest Listings in Sheridan, WY

What homes are available in Sheridan, WY?

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Nearby markets aren't available for Sheridan, WY

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MLS Disclaimers and Copyright

Based on information from Wyoming MLS, for the period 02/01/2025 - 04/01/2025

IDXDisclaimer: 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 © 2025 Wyoming MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/20/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.