Sherman Home Values

Sherman homes that closed in the latest quarter spent a median of about seven weeks on the market, down from roughly eight weeks over the trailing full year and notably quicker than the pace across Grayson County. Based on MLS data for August 2026 closings in Sherman, price per square foot ran near $158, essentially flat against the full-year figure and still trailing the county's roughly $171 median. Concessions appeared in nearly six in ten transactions, with the typical credit dipping to just under $9,000, while sellers still recovered close to 96 cents on the dollar at the table. The median price slipped roughly one and a half percent year-over-year.

Sherman's pipeline shows a similar shift in tempo. New listings for the quarter neared 480, more than ten times the roughly 39 pending contracts recorded over the same window, a gap wide enough to keep active inventory anchored near its year-ago level. Months of supply held near nine, tighter than Grayson County's roughly twelve months but still comfortably in buyer-favorable territory. The mismatch between incoming listings and contracts in progress suggests the faster closing pace seen in recent sales has not yet been matched by a proportional pickup in new pending activity.

After climbing above $10,500 last month, Sherman's typical seller concession eased to roughly $9,800 in the latest quarter, based on MLS data for 2026-07 closings in Sherman — though sellers here still extend credits far more often than the broader market, with nearly six in ten transactions including a concession versus fewer than half of closings across Grayson County. Price per square foot held near $160, running below the county's roughly $173 median, while homes in Sherman continued closing faster than the county pace overall. Sellers still recovered better than 95 cents on the dollar at the table, keeping pricing power intact even as concession frequency sets Sherman apart from its neighbors.

Sherman's months of supply measured roughly 10.8 in the latest quarter, modestly tighter than Grayson County's near 12 months overall, suggesting the city's pipeline is absorbing new inventory a bit faster than the county at large. Pending contracts and new listing activity in Sherman tracked roughly a quarter of countywide volume, in line with the city's overall share of the market rather than pointing to any outsized shift in relative pace. That balance points to a pipeline moving in step with the broader county rather than diverging sharply in either direction.

Concession rates in Sherman reached their highest level in the trailing analysis window this quarter, with nearly six in ten closings including seller-paid credits — and the typical credit climbing to roughly $10,500, up from roughly $9,000 over the full-year period. Based on MLS data for 2026-06 closings in Sherman, sellers still recovered close to 95.5 cents on the dollar at close, a slight improvement over the annual average. The rising average concession amount signals that sellers are absorbing more of the transaction cost to move deals across the finish line. Year-over-year, the median price softened about two and a half percent, keeping downward pressure on net proceeds despite a headline median near $297K.

Sherman's months of supply contracted to roughly 9.8 in the latest trailing window, a modest tightening compared to the full-year figure near 10.6 — and notably leaner than Grayson County's roughly 11.5 months. New listing volume held firm, with more than 530 properties entering the market during the period, while pending contracts remained well below incoming supply at roughly 137. That pending-to-listing gap suggests absorption has not kept pace with new inventory, leaving active supply elevated and giving buyers continued room to negotiate.