Sherman, TX Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Sherman, TX is $296,995, up 12.7% year-over-year. Homes sell in an average of 97 days with 329 active listings. The market is currently a buyer's market.
$296,995median sale price
Homes sold
62
Last 12 weeks
Days on market
97
Average pace
Active listings
329
5.3 months supply
Sale-to-list
96.6%
Below asking
Sherman, TX market data
| Metric | Value |
|---|---|
| Median sale price | $296,995 |
| Median list price | $274,950 |
| Year-over-year price change | +12.7% |
| Average days on market | 97 days |
| Active inventory | 329 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 96.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Sherman housing market is currently classified as a buyer's market with a median sale price of $296,995. Prices have risen 12.7% compared to last year, with homes spending an average of 97 days on market, indicating 5.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Sherman
There are currently 329 homes listed for sale in Sherman, Texas. The median listing price is $275K.
Active listings
329
Homes on market
Median list price
$275K
Avg. days on market
97
Days until sale
New this week
86
Newly listed
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Frequently asked questions
What is the average home price in Sherman?
The median home sale price in Sherman is $296,995, up 12.7% from last year.
How long do homes stay on market in Sherman?
Homes typically spend 97 days on market before going under contract.
Is Sherman a buyer's or seller's market?
With 5.3 months of supply, Sherman is currently a buyer's market.
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