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Featured local agent — Sherman, TX
Sarah Mitchell
Compass Real Estate · Sherman, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sherman, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$277,395median sale price
How is the Sherman, TX housing market right now?
The median home sale price in Sherman, TX is $277,395, down 11.8% year-over-year. Homes sell in an average of 80 days with 357 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — 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, TX is currently a buyer's market, based on 6.5 months of supply and homes selling in about 80 days. How we determine this →
Homes sold
55
Last 12 weeks
Days on market
80
Average pace
Active listings
357
6.5 months supply
Sale-to-list
97.3%
Below asking
What does the Sherman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $277,395 |
| Median list price | $280,245 |
| Year-over-year price change | -11.8% |
| Average days on market | 80 days |
| Active inventory | 357 listings |
| Months of supply | 6.5 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 55 |
| New listings (latest month) | 86 |
| Listings with a price cut | 49.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Sherman by property type?
How the Sherman, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $276,198 | $156/sq ft | 54 | 78 days |
| Townhouse | $290,000 | $160/sq ft | 1 | 314 days |
Source: Redfin · Updated monthly
The Sherman housing market is currently classified as a buyer's market with a median sale price of $277,395. Prices have fallen 11.8% compared to last year, with homes spending an average of 80 days on market, indicating 6.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Sherman
There are currently 357 homes listed for sale in Sherman, Texas. The median listing price is $280K.
Active listings
357
Homes on market
Median list price
$280K
Avg. days on market
80
Days until sale
New this week
86
Newly listed
Who lives in Sherman?
Population
45,036
Median income
$60,935/yr
Median age
35.5 years
Owner-occupied
53.0%
College grads
23.1%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Sherman?
Zillow home value
$256,924
Zillow rent index
$1,291/mo
Price-to-rent ratio
16.6x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Sherman?
Sherman is a community of approximately 45K residents with a median age of 35.5 years.The median household income is $60,935, which represents a working-class community with solid middle-income opportunities. 23.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.0%, showing a blend of owner and renter-occupied properties. The average commute time is 24.1 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 public schools serve Sherman?
11 schools tracked · 7,503 students
The largest public schools serving Sherman, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SHERMAN H S
Grades 9-12 · 2,160 students
PINER MIDDLE
Grades 6-8 · 835 students
DILLINGHAM EL
Grades K-5 · 834 students
SHERMAN MIDDLE
Grades 6-8 · 833 students
PERCY W NEBLETT EL
Grades PK-5 · 561 students
HENRY W SORY EL
Grades K-5 · 523 students
WASHINGTON EL
Grades K-5 · 503 students
CRUTCHFIELD EL
Grades PK-5 · 414 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Sherman, TX?
Want a head-to-head view? Compare Sherman side-by-side with any other U.S. city using our market-comparison tool.
Is Sherman a good real estate investment market?
For investors evaluating Sherman, the price-to-rent ratio of 16.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 11.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Sherman's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Sherman's median home price.
Frequently asked questions
What is the average home price in Sherman?
The median home sale price in Sherman is $277,395, down 11.8% from last year.
How long do homes stay on market in Sherman?
Homes typically spend 80 days on market before going under contract.
What is the median income in Sherman?
The median household income is $60,935 per year.
Is Sherman a buyer's or seller's market?
With 6.5 months of supply, Sherman is currently a buyer's market.
What is the Zillow home value estimate for Sherman?
The Zillow Home Value Index (ZHVI) for Sherman is $256,924, representing the typical home value in the area.
How much does a single-family home cost in Sherman?
The median single-family home price in Sherman, TX is $276,198 (about $156 per square foot).
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