The typical home value in Sheridan is projected to be $366,030 for the month of April. March's finalized data reported the typical value of a home in the city to be $366,500—down 22.35% over the previous 12 months. For comparison, county-level data pegged home values at $408,450 in Sheridan County for the most recent reporting period. That number is expected to float around $423,050 in April.
Sheridan had 35 new listings and 28 listings that went under contract in March, and this decreasing trend left the area's total available inventory at 99—down 1.0% from the previous month. Inventory is projected to decrease in April.
Of those 99 active listings, 13.13% reduced their price in the month of March. The median listing price for homes in Sheridan grew 7.45% from February to March, bringing the current median listing price to $375,000. Based on projected data for April, listing prices may continue to grow.
The number of days that homes have been on the market prior to going under contract fell year-over-year. In March 2026, the median time for a listed property to go pending was 61 days, compared to 70 days in March 2025. In recent months the median number of days from listed to pending appears to be decreasing. That trend is predicted to have carried through to this April.
