Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sherman was a Neutral Market.
Key Takeaway
Sherman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sherman, CT
How much do homes in Sherman, CT cost?
Median Sold Price
$675,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sherman have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Sherman was $675,000 in May 2024, up 14.4% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | $210K | -5.8% |
| 2 Bedrooms | $425K | $530.5K | +24.8% |
| 3 Bedrooms | $580K | $583.5K | +0.6% |
| 4 Bedrooms | $667K | $1.0M | +55.9% |
| 5+ Bedrooms | $880K | $1.0M | +19.9% |
Summary: Sherman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 55.9%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Wingdale | $340K | $400K | +17.6% |
| Sherman | $590K | $675K | +14.4% |
| New Fairfield | $485K | $530K | +9.3% |
| New Milford | $400K | $427K | +6.8% |
| Gaylordsville | $410.4K | $430K | +4.8% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Summary: The Sherman real estate market had 36 homes for sale in May 2024, a 38.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sherman housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sherman in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Sherman, CT
We’re sorry, we don't have information for this market at the moment
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