Is Sherman, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sherman has remained a Seller's Market.
Key Takeaway
Sherman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherman, WV
How much do homes in Sherman, WV cost?
Median Sold Price
$230,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sherman have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Sherman was $230,000 in May 2024, up 5.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | $62.5K | +212.5% |
| 2 Bedrooms | $125K | $199K | +59.2% |
| 3 Bedrooms | $235K | $257.4K | +9.6% |
| 4 Bedrooms | $253K | $342.5K | +35.4% |
| 5+ Bedrooms | $360K | - | N/A |
Summary: Sherman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 212.5%, 2 bedroom homes increased by 59.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sherman | $218K | $230K | +5.5% |
| Augusta | $246K | $234.5K | -4.7% |
Housing Supply in Sherman, WV
How many homes are available in Sherman, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Sherman real estate market had 18 homes for sale in May 2024, a 5.3% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sherman in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Sherman, WV
How long does it take to sell a home in Sherman, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 15 Days | -70.4% |
Summary: Homes in Sherman had an average of 15 days on market in May 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Sherman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
