Sherman, TX Housing Market
AI-powered market intelligence for the Sherman-Denison, TX metro area.
PropertyIQ Scores
Sherman, TX Market Analysis
Market Overview
The Sherman, Texas housing market is weak, with a PropertyIQ Score of 2 out of 100. The primary drivers behind that score are negative home value momentum of -1.80 percent over 12 months and -2.57 percent over three months, a median days-on-market of 78 days, and a 25.2 percent share of listings with a price cut. These metrics indicate prices are softening and homes are selling slowly.
Compared with state benchmarks, Sherman's median home value of $285,634 is about $13,700 below the Texas median of $299,367. Its rent index is $1,339, lower than the state average of $1,403. Median household income is $72,182, about $6,300 below the state average of $78,476. The unemployment rate is a relative bright spot at 4.0 percent, below the state average of 4.5 percent. Population growth data is not available.
The market also has 1,285 homes for sale, and the median days on market of 78 days reinforces the slow pace. The recorded year-over-year change in median home value was negative two dollars, essentially flat, but the momentum figures show more recent downward pressure. Overall, Sherman is positioned as a weak market.
Key Trends
One trend
AI-generated analysis based on current market data. Last updated September 29, 2026.
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Sherman, TX market data
Sherman, TX Housing Market Overview
Sherman, TX's median home value is $286K, down 1.8% over the past year. Homes here sell in a median 78 days. Its PropertyIQ Score of 2 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
PropertyIQ tracks the Sherman, TX housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this TX market is set to perform against its state benchmark.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Sherman, TX's PropertyIQ Score of 2 runs below the South Central norm.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
Each month, PropertyIQ updates its score for Sherman, TX using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been negative, with home values down 1.8% over the past year.
View Sherman, TX's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Sherman, TX metro area
ZIP codes in the Sherman, TX metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Sherman, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Sherman, TX currently scores 2, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $286K, down 1.8% over the past year. So whether Sherman, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Sherman, TX?
Sherman, TX's PropertyIQ Score is 2, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 2 places Sherman, TX below its state benchmark.
Are home prices in Sherman, TX rising or falling?
Home prices in Sherman, TX are falling. Over the past year, the median home value declined 1.8%, reaching $286K. Over the latest three months, values slipped 2.6%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Sherman, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Sherman, TX?
In Sherman, TX, homes sell in a median of 78 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 25% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Sherman, TX market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.