Is Sheridan, OR 97378 a buyer’s or seller’s market?
Sheridan is a buyer’s market. With about 6.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 36% of U.S. ZIP codes, and #125 of 168 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 July 31, 2026. See the breakdown
The Sheridan housing market right now
In the three months ending August 31, 2026, 36% of homes in Sheridan, OR 97378 sold above their list price, the typical home went under contract in 56 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (76 days then) and the median sale price rose 10% to $413,821. Overall, Sheridan is more competitive than a year ago, so tougher for buyers.
Within Yamhill County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Yamhill 97148 (0% sold over asking) or Lafayette 97127 (7% sold over asking).
Run the numbers for 97378
Nearby markets
Amity 97101Buyer’s market $258 /sq ftCarlton 97111Balanced $314 /sq ftDayton 97114Balanced $272 /sq ftDundee 97115Seller’s market $336 /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 buyer’s market: there were 6.2 months of supply in Sheridan, OR 97378 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 56 days in the latest three months.
Do homes in Sheridan sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in Sheridan?
About 0.73% of a home’s value a year in Yamhill County, or roughly $2,920 on a $400,000 home.
What is the median home price in Sheridan?
The median sale price was $413,821 in the three months ending August 31, 2026, about $277 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