$8,773 Closing Credit*
$738,750
2,792 SqFt
3 Beds
•2 Full Baths
Donna Kennedy, Listing Office: Keller Williams Realty
Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sherman was a Buyer'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, CT
How much do homes in Sherman, CT cost?
Median Sold Price
$667,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+5.1%)
Key Takeaway
Homes in Sherman have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Sherman was $667,500 in October 2024, up 5.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | $210K | -5.8% |
| 2 Bedrooms | $563.5K | $497.5K | -11.7% |
| 3 Bedrooms | $592K | $635K | +7.3% |
| 4 Bedrooms | $679K | $990K | +45.8% |
| 5+ Bedrooms | $880K | $1.4M | +64.8% |
Summary: Sherman housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 64.8%.
Median Sold Price Compared To Nearby Cities
| Wingdale | $365K | $421.2K | +15.4% |
| New Milford | $410K | $444.9K | +8.5% |
| New Fairfield | $500.7K | $530K | +5.8% |
| Sherman | $635K | $667.5K | +5.1% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Summary: The Sherman real estate market had 38 homes for sale in October 2024, a 22.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sherman housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sherman in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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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