Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sherman has remained a Buyer's Market.
Housing Prices in Sherman, CT
How much do homes in Sherman, CT cost?
Median Sold Price
$675,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sherman was $675,000 in April 2024, up 14.4% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $210K | -5.8% |
2 Bedrooms | $425K | $530.5K | +24.8% |
3 Bedrooms | $590K | $604.5K | +2.5% |
4 Bedrooms | $679K | $971K | +43.0% |
5+ Bedrooms | $880K | $1.0M | +14.8% |
Summary: Sherman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 43%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Wingdale | $325K | $392.5K | +20.8% |
Sherman | $590K | $675K | +14.4% |
New Fairfield | $475K | $525K | +10.5% |
New Milford | $390K | $427.9K | +9.7% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 25 | -7.4% |
Summary: The Sherman real estate market had 25 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sherman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sherman in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sherman, CT
We’re sorry, we don't have information for this market at the moment