$6,234 Closing Credit*
$525,000
1,842 SqFt
3 Beds
•2 Full Baths
Diana Newbert, Listing Office: William Raveis Real Estate
Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sherman has remained a Buyer's 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
$644,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+1.4%)
Key Takeaway
Homes in Sherman have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Sherman was $644,000 in November 2024, up 1.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | $210K | -5.8% |
| 2 Bedrooms | $635K | $496.2K | -21.9% |
| 3 Bedrooms | $583.5K | $635K | +8.8% |
| 4 Bedrooms | $737.5K | $990K | +34.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.9% |
Summary: Sherman housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| New Milford | $410K | $437.5K | +6.7% |
| New Fairfield | $500.3K | $530K | +5.9% |
| Sherman | $635K | $644K | +1.4% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Sherman real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sherman housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sherman in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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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