Sheridan, IL Home Values & Market Trends
Real estate market trends reflect that there have been 45 transactions over the past year in Sheridan. The median value for residential home transactions that occurred over the previous year is $321,880. The number of current listings in Sheridan is 26, and the percentage of properties for sale in the city is 26.00%. Sheridan, IL currently has 4 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 26 properties for sale.
Sheridan, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60551 | $ 321,880 $ 190/sqft |
Housing Market Summary for Sheridan, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $298.9K | $385.9K | 29.11% |
| Median Sold Price | $302.5K | $304.4K | 0.62% |
| Homes For Sale | 17 | 25 | 47.06% |
| Homes Sold | 14 | 19 | 35.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sheridan, IL
Browse Homes in Sheridan, IL
Sheridan home values range from $118,000 to $661,991. The median estimated value of a home in Sheridan is $321,880. The median list price of a home is 372,450, and the total count of properties in the city is 49.
- Pre-ForeclosurePre-foreclosure homes account for 6.12% of all residential properties in Sheridan, IL with 60551 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Sheridan, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $397,179 in 60551 to the lowest home value of $272,422 in 60551.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sheridan, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Sheridan, IL. There is 1 zips within Sheridan, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60551 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Sheridan, IL. Auction homes and other auction properties account for 2.04% of all properties in Sheridan, IL. There is 1 zips within Sheridan, IL; of that zips, the median estimated home value for homes going to auction ranges from $202,057 in 60551 to the lowest value of $202,057 in 60551.
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Guide for Sheridan, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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