$250,000
4.17 Acres
Land
Ari Lee, Listing Office: Sunbelt Sales & Development
Is Sherman, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Sherman has remained a Seller's Market.
Key Takeaway
Sherman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherman, CT
How much do homes in Sherman, CT cost?
Median Sold Price
$672,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,000(+5.8%)
Key Takeaway
Homes in Sherman have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Sherman was $672,000 in August 2024, up 5.8% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | $210K | -5.8% |
| 2 Bedrooms | $430K | $530.5K | +23.4% |
| 3 Bedrooms | $583.5K | $626K | +7.3% |
| 4 Bedrooms | $675K | $1.0M | +54.1% |
| 5+ Bedrooms | $1.0M | $975K | -3.5% |
Summary: Sherman housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 54.1%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Wingdale | $352.5K | $420K | +19.1% |
| New Milford | $405.5K | $444.9K | +9.7% |
| New Fairfield | $500K | $535K | +7.0% |
| Sherman | $635K | $672K | +5.8% |
Housing Supply in Sherman, CT
How many homes are available in Sherman, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Summary: The Sherman real estate market had 41 homes for sale in August 2024, a 24.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sherman housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sherman in August 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% 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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