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.
Key Takeaway
Sherman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Sherman have sold for 14.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Sherman, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
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
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