Quick facts
| Median sale price | $279,848Source: Redfin: Sherman housing market (June 2026) |
|---|---|
| Change from one year before | Down 6.7%Source: Redfin: Sherman housing market (June 2026) |
| Days to sell (median) | 78 daysSource: Redfin: Sherman housing market (June 2026) |
Last checked September 29, 2026.
How much do homes cost in Sherman?
In June 2026, the median home in Sherman sold for about $280,000. Prices were a little lower than the year before, and homes took about 78 days to sell. That gives buyers time to look around and ask questions.
Prices change every month, so check the newest numbers before you buy.
Should your family rent or buy first?
Renting first is good if…
- You are new and still learning the town.
- You are not sure which school or job area you like best.
- You want a place fast.
Buying first is good if…
- You know you will stay for years.
- You found a neighborhood you love.
- You want to paint, plant a garden or get a dog.
Tip for grown-ups
Lots of new workers are moving to Sherman for the chip factories. Start looking for a rental early, and ask about short leases if you plan to buy later.
What are property taxes?
Property tax is money that homeowners pay every year. It helps pay for schools, roads, parks, police and firefighters. The amount depends on how much your home is worth and on the tax rates of the city, the county, the school district and other groups.
If a home is your main home, you can ask for a homestead exemption. It lowers the value that gets taxed, so you pay less. People who are 65 or older, and people with disabilities, can get extra help. The Grayson Central Appraisal District handles these forms. The Texas Comptroller explains the rules.
What are MUDs and PIDs?
Some new neighborhoods need new pipes, streets and parks. To pay for them, the neighborhood might be in a MUD (Municipal Utility District) or a PID (Public Improvement District). Homes there pay an extra tax or fee each year.
That is not always bad, but it changes the monthly cost. Always ask, “Is this home in a MUD or PID?” before you buy.
Why does hail matter for home insurance?
North Texas gets hailstorms. Hail is balls of ice that fall from storm clouds, and big ones can dent cars and break roofs. Because of this, the roof is one of the most important parts of a home here.
Ask how old the roof is, and get an insurance quote before you agree to buy a home.
Should you buy a new home or an older home?
New homes have fresh roofs, new kitchens and fewer fix-it jobs. They are often farther from downtown.
Older homes can have big trees, porches and lots of charm. They may need more repairs, so get a home inspection.
Questions people ask
How much is a house in Sherman, TX?
In June 2026, the median sale price of a home in Sherman was $279,848, according to Redfin. That was 6.7% lower than the year before.
Does Texas have a state income tax?
No. Texas does not have a state income tax. Homeowners do pay property taxes, which help pay for schools, roads and parks.
What is a homestead exemption in Texas?
A homestead exemption lowers the taxable value of your main home, so you pay less property tax. People 65 and older and people with disabilities can get extra exemptions. In Sherman, you apply with the Grayson Central Appraisal District.
What is a MUD or PID?
A MUD or PID is a special district that pays for things like water pipes, streets and parks in newer neighborhoods. Homes in one pay an extra tax or fee each year.