Is Sheridan, IN 46069 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Sheridan is a seller’s market. With about 1.6 months of supply and 16% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score53/ 100

More competitive than 54% of U.S. ZIP codes, and #147 of 306 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.6Under 4 months = seller’s market
Sold above original list16%Share of sales, last 3 months
Median sale-to-list98.6%Sold price ÷ list price
Median days on market40Listing to accepted offer
Median price per sq ft$183▲ +4.2% vs. last year

The Sheridan housing market right now

In the three months ending August 31, 2026, 16% of homes in Sheridan, IN 46069 sold above their list price, the typical home went under contract in 40 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (34 days then) and the median sale price fell 9% to $309,816. Overall, Sheridan is less competitive than a year ago, which gives buyers more room.

Within Hamilton County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 82%. On our competition score, Sheridan ranks #147 of 306 IN ZIP codes with enough sales (score 53 out of 100).

Nearby, buyers who want less competition could look at Cicero 46034 (12% sold over asking) or Atlanta 46031 (13% sold over asking), while Carmel 46033 (35% sold over asking) and Indianapolis 46280 (32% sold over asking) are even more competitive.

Nearby markets

Arcadia 46030Seller’s market $179 /sq ftAtlanta 46031Seller’s market $165 /sq ftCarmel 46032Seller’s market $218 /sq ftCarmel 46033Seller’s market $185 /sq ft Browse all markets →

Where Sheridan is

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Questions about Sheridan real estate

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

A seller’s market: there were 1.6 months of supply in Sheridan, IN 46069 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Sheridan?

The typical home went under contract in 40 days in the latest three months.

Do homes in Sheridan sell over asking?

16% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.

What are property taxes in Sheridan?

About 0.88% of a home’s value a year in Hamilton County, or roughly $3,520 on a $400,000 home.

What is the median home price in Sheridan?

The median sale price was $309,816 in the three months ending August 31, 2026, about $183 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology