Sherman, TX Housing Market — 882 Homes Sold (September 2025 – September 2026)
Buyers hold the cards: most homes sell under asking and take about 54 days to find a buyer.
Sherman market at a glance
- Homes sold (12 months): 882
- Median sale price: $279,990 (about $1,593/month with 10% down at a 6.5% 30-year rate, principal & interest)
- Median price per square foot: $156
- Median days on market (list to contract): 54; 11% went under contract within a week
- Sold over asking: 11.9% · Sold under asking: 70.7%
- Typical home: 3 bed, 1,830 sqft, built 2020, mostly Sherman ISD
- Price range of sales: $40,000 – $2,600,000
- On the market right now: 424 active listings, 107 under contract, 5.8 months of supply, median asking $299,990
- How buyers paid: Conventional 39.1%, FHA 25.6%, VA 10.5%, Cash 21%, Other 3.7%
- Seller contributions: 62.5% of sellers chipped in, typically $7,800
- Contract to close: about 29 days
- Median rent (same home types, 505 closed leases): $1,795/month — owning the median home runs about $1,593/month principal & interest with 10% down
- HOA: 45.9% of sales had a mandatory HOA, typically $52/month
- New construction: 43.5% of sales, median $288,245 vs $270,000 resale
Five-year price history in Sherman
Median sale price by quarter: 2022 Q1: $269,500 · 2023 Q1: $275,495 · 2024 Q1: $299,656 · 2025 Q1: $287,600 · 2026 Q1: $289,650 · 2026 Q3: $265,990.
Median price by elementary school zone
- Percy W Neblett: 183 sales, median $292,530, $155/sqft
- Henry W Sory: 153 sales, median $298,104, $155/sqft
- Dillingham: 131 sales, median $265,000, $150/sqft
- Fairview: 89 sales, median $245,000, $147/sqft
- Wakefield: 65 sales, median $245,000, $155/sqft
- S And S: 61 sales, median $480,000, $187/sqft
- Crutchfield: 58 sales, median $187,500, $142/sqft
- Parker: 51 sales, median $267,000, $157/sqft
- Tom Bean: 33 sales, median $449,900, $200/sqft
- Washington: 23 sales, median $205,000, $130/sqft
- Perrin: 13 sales, median $325,000, $162/sqft
- Summit Hill: 10 sales, median $450,000, $193/sqft
Pricing right vs. cutting the price in Sherman
Sellers who held their original asking price sold in 19 days at 98.1% of ask. Sellers who overpriced and later cut took 90 days and kept 91% of the original ask — roughly $21,300 left on the table on a typical Sherman listing.
Most active Sherman neighborhoods
- Sweetwater: 73 sales, median $273,990, 40 days on market
- Bel Air Village: 47 sales, median $299,990, 98 days on market
- Heritage Ranch: 43 sales, median $350,000, 90 days on market
- Westmoor: 43 sales, median $308,361, 85 days on market
- Luella Crossing: 42 sales, median $216,324, 18 days on market
- Hidden Meadows: 33 sales, median $237,999, 19 days on market
- Three Oaks: 17 sales, median $249,990, 61 days on market
- Canyon Creek Estates: 14 sales, median $622,188, 119 days on market
- The Hills of Sherman: 12 sales, median $230,990, 104 days on market
- Casa Linda 5th Add: 10 sales, median $210,500, 33 days on market
Nearby markets
Denison · Van Alstyne · Pottsboro · Howe · Whitesboro · Gunter · Gordonville · Collinsville
Common questions
Is now a good time to buy in Sherman? Buyers hold the cards: most homes sell under asking and take about 54 days to find a buyer.
What does the typical Sherman home cost? $279,990 — about $156 per square foot, or roughly $1,593/month with 10% down before taxes and insurance.
How fast do homes sell in Sherman? The typical home went under contract in 54 days; 11% sold within the first week.
Is it cheaper to rent or buy in Sherman? The median Sherman lease ran $1,795/month this year, while principal and interest on the median $279,990 home is roughly $1,593/month with 10% down, before taxes and insurance.
Source: NTREIS MLS closed sales, September 3 2025 – September 3 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.