Is Sherman, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sherman has remained a Seller's Market.
Housing Prices in Sherman, IL
How much do homes in Sherman, IL cost?
Median Sold Price
$280,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sherman was $280,000 in March 2024, up 6.5% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | - | N/A |
2 Bedrooms | $225K | $157.4K | -30.0% |
3 Bedrooms | $228K | $265K | +16.2% |
4 Bedrooms | $370K | $320K | -13.5% |
5+ Bedrooms | $415K | $513.5K | +23.7% |
Summary: Sherman housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Springfield Township | $120K | $155.5K | +29.6% |
Williams Township | $199.5K | $222K | +11.3% |
Capital Township | $145.3K | $159.7K | +9.9% |
Sherman | $263K | $280K | +6.5% |
Fancy Creek Township | $294.5K | $265K | -10.0% |
Housing Supply in Sherman, IL
How many homes are available in Sherman, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Summary: The Sherman real estate market had 8 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sherman housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sherman in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sherman, IL
How long does it take to sell a home in Sherman, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 37 Days | +1393.3% |
Summary: Homes in Sherman had an average of 37 days on market in Mar 2024, up by 1393.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Sherman; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.