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Featured local agent — Sherman, SD
Sarah Mitchell
Compass Real Estate · Sherman, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sherman, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$80,000median sale price
How is the Sherman, SD housing market right now?
The median home sale price in Sherman, SD is $80,000. Homes sell in an average of 174 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of January 2024 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sherman a buyer's or seller's market?
Sherman, SD is currently a buyer's market and homes selling in about 174 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
174
Average pace
Active listings
—
Sale-to-list
61.5%
Below asking
What does the Sherman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $80,000 |
| Average days on market | 174 days |
| Sale-to-list price ratio | 61.5% |
| Median price per sq ft | $83/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Sherman by property type?
How the Sherman, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $80,000 | $83/sq ft | 1 | 174 days |
Source: Redfin · Updated monthly
The Sherman housing market is currently classified as a buyer's market with a median sale price of $80,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 174 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Sherman
Explore homes currently listed for sale in Sherman, South Dakota across major real estate platforms.
Who lives in Sherman?
Population
55
Median income
$46,875/yr
Median age
55.3 years
Owner-occupied
85.2%
College grads
9.1%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Sherman?
Sherman is a community of approximately 0K residents with a median age of 55.3 years.The median household income is $46,875, which represents a working-class community with solid middle-income opportunities. 9.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sherman offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Sherman, SD?
Want a head-to-head view? Compare Sherman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Sherman?
The median home sale price in Sherman is $80,000, down 0.0% from last year.
How long do homes stay on market in Sherman?
Homes typically spend 174 days on market before going under contract.
What is the median income in Sherman?
The median household income is $46,875 per year.
How much does a single-family home cost in Sherman?
The median single-family home price in Sherman, SD is $80,000 (about $83 per square foot).
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