The typical home value in Sheridan is projected to be $360,180 for the month of March. February's finalized data reported the typical value of a home in the city to be $367,450—up 2.93% over the previous 12 months. For comparison, county-level data pegged home values at $379,250 in Sheridan County for the most recent reporting period. That number is expected to float around $366,380 in March.
Sheridan had 20 new listings and 21 listings that went under contract in February, and this increasing trend left the area's total available inventory at 95—up 3.26% from the previous month. Inventory is projected to increase in March.
Of those 95 active listings, 8.42% reduced their price in the month of February. The median listing price for homes in Sheridan fell 13.43% from January to February, bringing the current median listing price to $349,250. Based on projected data for March, listing prices may continue to fall.
The number of days that homes have been on the market prior to going under contract rose year-over-year. In February 2026, the median time for a listed property to go pending was 50 days, compared to -2 days in February 2025. In recent months the median number of days from listed to pending appears to be increasing. That trend is predicted to have carried through to this March.
