Home Values

Sherman Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$430,500

  • 3.3% 1-year change
  • 1.2% 1-year forecast

The median home value in Sherman is $430,500. Sherman home values have gone up 3.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median price of homes currently listed in Sherman is $450,000. The median rent price in Sherman is $2,200, which is higher than the Stamford Metro median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Sherman 5.5 homes are foreclosed (per 10,000). This is greater than the Stamford Metro value of 0.8 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Sherman is 7.4%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Sherman homeowners underwater on their mortgage is 10.0%, which is lower than Stamford Metro at 14.6%.

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Relative ZHVI
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Sherman Market Overview

Data through Dec 31, 2014
  • $430,500 ZHVI
  • 1.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $450,000 Median listing price
  • No data Median sale price
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Sherman Market Health

Data through Dec 31, 2014
  • 2.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.5 homes(Oct 31, 2014) Sherman
0.8 homes Stamford Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Bridgewater $454,600
New Preston $428,600
Brookfield Center $338,200
Name Median ZHVI
Kent $326,400
New Fairfield $326,300
Town of New Milford $259,300
Name Median ZHVI
Town of Pawling $246,600
Patterson $223,500
Dover $196,500

Listings & Sales

Data through Dec 31, 2014
  • $218 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.1% Listings with price cut
30.8%
Sold below listing
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Sherman Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,450 Sherman
    $2,445 Stamford Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,200 Rent list price
  • No recent data Rent list price / sq ft
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