Sherman Home Values

Closings in Sherman slowed this quarter, with the typical sale spending about eight weeks on the market versus roughly six and a half weeks in the prior reading, even as price per square foot held steady near $157. Based on MLS data for October 2026 closings in Sherman, the median sale price near $268K sits modestly below the full-year level and about five percent under a year ago. Nearly six in ten deals still carried a seller credit averaging around $8,000, and sellers recovered roughly 95 cents on the dollar. With about 270 closings in the window, the longer timelines look like a genuine shift rather than statistical noise.

Roughly ten new listings reached Sherman's market for every contract in progress, a lopsided ratio that keeps the pipeline loaded with unsold homes. Active inventory equates to nearly ten months of supply, still tighter than Grayson County's roughly twelve and a half months, though the county's pending count is about three times Sherman's. The stretch in time-to-close points to contracts taking longer to materialize, and unless pending activity picks up, the supply backlog is likely to linger into the winter months.

While Grayson County's closed sales fetched roughly $165 per square foot this quarter, Sherman homes traded noticeably lower, near $155 — based on MLS data for September 2026 closings in Sherman. The typical Sherman sale also closed below the county median, near $271K versus roughly $282K countywide. The city's discount extends beyond price: nearly six in ten transactions here included a seller concession, well above the roughly four in ten seen across Grayson County, even as sellers in both markets recovered comparable shares of list price at closing. Sherman homes still sold faster, closing in about six and a half weeks against roughly two months countywide.

Sherman's supply pipeline also diverges from the county pattern. The city carries roughly nine and a half months of inventory, comfortably tighter than Grayson County's close to twelve and a half months, even though Sherman accounts for only about a quarter of the county's active listings. Pending contracts in Sherman represent a larger slice of countywide pending activity than the city's share of new listings would suggest, hinting the pipeline here is converting into contracts somewhat more efficiently than the county average — a dynamic that could keep Sherman's supply position comparatively tight in the months ahead.

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.