Sheridan Real Estate Market Sees Home Sales Down

The Sheridan market slowed with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (4.9) with five homes sold. Meanwhile, close-by Indianapolis reported 1,045 homes sales, the highest number from all the surrounding cities. The median sales price in Sheridan rose dramatically to $93,000 while months of inventory spiked to four.

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$145K   $169K   $379K  

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Demographic facts for Sheridan:

  • The median house value here is $112,100.
  • This area usually gets 119 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 6.1%.
  • The student-to-teacher ratio is 18.8:1. (15.3:1 = national average)

Data reported through 10/12/2016


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Realty World Indy
Snapped 2 homes in this area

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