Sherman's housing market is giving buyers more options than it did a year ago, while prices and mortgage rates continue to shape how quickly homes move.
According to Realtor.com's Sherman market summary, with key indicators listed as of May 2026, the city had 984 homes for sale, 292 homes for rent, a $314,900 median listing price and a $269,681 median sold price. The same report put Sherman at $168 per square foot, 55 median days on market and $1,699 median rent per month.
The supply side is the clearest change. Realtor.com reported active listings up 2.27% from a year earlier and up 102.89% over three years. Its same May 2026 table showed the median listing price down 4.42% year over year and down 11.98% over three years.
That does not mean every metric is cooling at the same speed. Realtor.com reported Sherman homes sold for approximately the asking price on average in May 2026, with a 100% sale-to-list price ratio. The company also described Sherman as a buyer's market in May 2026, meaning supply was greater than demand.
Prices and Pace
The live Realtor.com home-search page, crawled three days before June 8, 2026, showed 1,007 active homes for sale in Sherman, with a $309,900 median listing home price, $174 per square foot, a $284,000 median sold home price and 64 median days on market. That live search page differs from the May market-summary table, but both point to a market with broad inventory and softer listed-home prices than a year earlier.
Redfin's March 2026 Sherman market page showed a $290,500 median sale price, down 10.6% year over year. Redfin reported 64 homes sold, up 8.5% year over year, and 111 median days on market, compared with 83 days a year earlier. Its sale-to-list ratio was 96.6%, down 0.48 points year over year.
Zillow's Sherman home-value page, with data through April 30, 2026, reported a $307,755 average home value, down 2.0% over the past year. Zillow listed 559 homes for sale, 145 new listings and homes going pending in around 83 days. Its March 31 sale metrics showed a 0.974 median sale-to-list ratio, a $274,700 median sale price and a $319,667 median list price.
Orchard's latest 30-day Sherman snapshot, accessed June 8, 2026, showed a $280,000 median sale price and a $160.58 median price per square foot, up 1.3% year over year. Orchard reported 35 homes sold, down from 97 a year earlier, and 13.26 months of supply, up from 4.7 months a year earlier. It also reported 580 homes for sale, 112 new listings and price drops on 62.86% of listed homes.
The sources use different data windows and definitions, so the exact price number varies by table. The shared direction is clearer: Sherman has more inventory than a year ago, sale-side price readings are below last year in several sources and buyers are seeing more negotiation room than in a tight market.
New Construction and Builder Competition
New construction remains part of Sherman's inventory story. Realtor.com's Sherman new-construction search page, accessed June 8, 2026, showed 390 new-construction homes and listed builders or communities including Robson Ranch, Lifeway Homes, DRB Homes, CastleRock Communities, K. Hovnanian Homes, LGI Homes, D.R. Horton, Century Communities, Meritage Homes, Highland Homes and Lennar.
The same Realtor.com page marked some listings with builder promotions, cash at closing or reduced rates. NewHomeSource also listed 19 builders actively building new homes in Sherman. Those published labels show builder competition, but the details of any promotion depend on the builder's current terms, lender rules and buyer qualifications.