Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sherman was a Neutral Market.
Housing Prices in Sherman, CT
How much do homes in Sherman, CT cost?
Median Sold Price
$675,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sherman was $675,000 in May 2024, up 14.4% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $210K | -5.8% |
2 Bedrooms | $425K | $530.5K | +24.8% |
3 Bedrooms | $580K | $583.5K | +0.6% |
4 Bedrooms | $667K | $1.0M | +55.9% |
5+ Bedrooms | $880K | $1.0M | +19.9% |
Summary: Sherman housing prices by bedroom type for May 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 0.6%, 4 bedroom homes increased by 55.9%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
Wingdale | $340K | $400K | +17.6% |
Sherman | $590K | $675K | +14.4% |
New Fairfield | $485K | $530K | +9.3% |
New Milford | $400K | $427K | +6.8% |
Gaylordsville | $410.4K | $430K | +4.8% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 36 | +38.5% |
Summary: The Sherman real estate market had 36 homes for sale in May 2024, a 38.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sherman housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sherman in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Sherman, CT
We’re sorry, we don't have information for this market at the moment