Is Sherman, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sherman was a Seller's Market.
Key Takeaway
Sherman is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sherman, WV
How much do homes in Sherman, WV cost?
Median Sold Price
$230,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sherman have sold for 31.4% more than they did a year ago.
Summary: The median home sold price in Sherman was $230,000 in April 2024, up 31.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.2K | $62.5K | +3.7% |
| 2 Bedrooms | $165K | $199.5K | +20.9% |
| 3 Bedrooms | $260K | $260K | 0.0% |
| 4 Bedrooms | $179.7K | $335K | +86.4% |
| 5+ Bedrooms | $180K | $360K | +100.0% |
Summary: Sherman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 20.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 86.4%, and 5+ bedroom homes increased by 100%.
Median Sold Price Compared To Nearby Cities
| Sherman | $175K | $230K | +31.4% |
| Delray | $127.7K | $162.5K | +27.2% |
Housing Supply in Sherman, WV
How many homes are available in Sherman, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Sherman real estate market had 19 homes for sale in April 2024, a 46.2% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 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, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Sherman, WV
How long does it take to sell a home in Sherman, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 40 Days | -32.8% |
Summary: Homes in Sherman had an average of 40 days on market in Apr 2024, down by 32.8% 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
Key Takeaway
Many homes in Sherman are selling fast, if you're buying plan to act quickly.
Summary: During April 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.
