Sherman, TX metro area Housing Market
Cold MarketComprehensive housing market data for the Sherman, TX metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$313K
↓ 2.1% YoY
Days on Market
125 days
↑ 38.9% YoY
Active Inventory
1,292
↓ 8.2% YoY
Homes Sold
200
↑ 5.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Sherman, TX metro area Market Summary
The Sherman, TX metro area housing market is cooling down. As of March 2026, the median home sale price is $313K, down 2.1% year-over-year. Homes are spending a median of 125 days on the market, 38.9% longer than a year ago.
There are 1,292 homes for sale — 8.2% fewer than last year. With 6.5 months of supply, this is a buyer's market. 402 new listings were added during this period, down 4.3% year-over-year.
Homes are selling for 96.3% of their list price on average, suggesting room for negotiation. 9.0% of homes sell above their asking price. 30.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
Contributing Factors
How This Market Compares
vs. National Median
vs. Texas Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 28% below the national median, which could indicate stronger cash flow potential.
Sherman, TX metro area Market Trends
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Detailed Market Metrics
Median List Price
$350K
Price per Sq Ft
$165
Sale-to-List Ratio
96.3%
Months of Supply
6.5
Sold Above List
9.0%
Price Drops
30.6%
New Listings
402
↓ 4.3% YoY
Pending Sales
297
Off Market in 2 Weeks
17.5%
Other Markets in Texas
Houston, TX metro area
$330K · 76d on market
Dallas, TX metro area
$400K · 66d on market
San Antonio, TX metro area
$313K · 104d on market
Austin, TX metro area
$430K · 94d on market
Fort Worth, TX metro area
$353K · 54d on market
El Paso, TX metro area
$275K · 68d on market
Killeen, TX metro area
$270K · 104d on market
Lubbock, TX metro area
$240K · 86d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.