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Featured local agent — Sheridan, CO
Sarah Mitchell
Compass Real Estate · Sheridan, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sheridan, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$385,500median sale price
How is the Sheridan, CO housing market right now?
The median home sale price in Sheridan, CO is $385,500, up 4.2% year-over-year. Homes sell in an average of 9 days with 10 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sheridan a buyer's or seller's market?
Sheridan, CO is currently a seller's market, based on 5.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
9
Fast-moving
Active listings
10
5.0 months supply
Sale-to-list
100.8%
Above asking
What does the Sheridan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,500 |
| Median list price | $537,000 |
| Year-over-year price change | +4.2% |
| Average days on market | 9 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $468/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Sheridan by property type?
How the Sheridan, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,500 | $468/sq ft | 2 | 9 days |
| Townhouse | $412,000 | $318/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Sheridan housing market is currently classified as a seller's market with a median sale price of $385,500. Prices have risen 4.2% compared to last year, with homes spending an average of 9 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Sheridan
There are currently 10 homes listed for sale in Sheridan, Colorado. The median listing price is $537K.
Active listings
10
Homes on market
Median list price
$537K
Avg. days on market
9
Days until sale
New this week
4
Newly listed
Who lives in Sheridan?
Population
6,031
Median income
$58,571/yr
Median age
35.1 years
Owner-occupied
56.1%
College grads
19.4%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Sheridan?
Zillow home value
$436,754
Zillow rent index
$1,619/mo
Price-to-rent ratio
22.5x
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Sheridan?
Sheridan is a community of approximately 6K residents with a median age of 35.1 years.The median household income is $58,571, which represents a working-class community with solid middle-income opportunities. 19.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.1%, showing a blend of owner and renter-occupied properties. The average commute time is 25.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sheridan offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Sheridan, CO?
Want a head-to-head view? Compare Sheridan side-by-side with any other U.S. city using our market-comparison tool.
Is Sheridan a good real estate investment market?
For investors evaluating Sheridan, the price-to-rent ratio of 22.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Sheridan's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Sheridan's median home price.
Frequently asked questions
What is the average home price in Sheridan?
The median home sale price in Sheridan is $385,500, up 4.2% from last year.
How long do homes stay on market in Sheridan?
Homes typically spend 9 days on market before going under contract.
What is the median income in Sheridan?
The median household income is $58,571 per year.
Is Sheridan a buyer's or seller's market?
With 5.0 months of supply, Sheridan is currently a seller's market.
What is the Zillow home value estimate for Sheridan?
The Zillow Home Value Index (ZHVI) for Sheridan is $436,754, representing the typical home value in the area.
How much does a single-family home cost in Sheridan?
The median single-family home price in Sheridan, CO is $385,500 (about $468 per square foot).
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