Is Sheridan, MI 48884 a buyer’s or seller’s market?
Sheridan is a seller’s market. With about 1.8 months of supply and 50% 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.
The Sheridan housing market right now
In the three months ending August 31, 2026, 50% of homes in Sheridan, MI 48884 sold above their list price, the typical home went under contract in 10 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (50% then), homes sold faster (21 days then) and the median sale price rose 3% to $274,831. Overall, Sheridan is more competitive than a year ago, so tougher for buyers.
Within Montcalm County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 86%.
Nearby, buyers who want less competition could look at Coral 49322 (0% sold over asking) or Lakeview 48850 (5% sold over asking), while Pierson 49339 (75% sold over asking) is even more competitive.
Run the numbers for 48884
Nearby markets
Carson City 48811Seller’s market $136 /sq ftCoral 49322Buyer’s market $356 /sq ftCrystal 48818Seller’s market $259 /sq ftEdmore 48829Seller’s market $151 /sq ft Browse all markets →Towns like Sheridan nearby
Find towns like Sheridan in other states →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 1.8 months of supply in Sheridan, MI 48884 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 10 days in the latest three months.
Do homes in Sheridan sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in Sheridan?
About 1.01% of a home’s value a year in Montcalm County, or roughly $4,040 on a $400,000 home.
What is the median home price in Sheridan?
The median sale price was $274,831 in the three months ending August 31, 2026, about $178 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