75495
Sherman, Texas

The 75495 ZIP code reports a median sale price of $486,500 as of February 2026, representing a substantial 17.2% year-over-year increase. However, this appreciation occurs against extended market absorption, with properties averaging 158 days on market—well above typical balanced market thresholds of 60-90 days. Only 10% of transactions close above list price, indicating minimal bidding competition and significant buyer negotiating leverage despite the double-digit annual gains.

This environment favors patient buyers with financing secured and flexible timelines, as the 158-day average DOM suggests sellers must wait through multiple seasonal cycles to secure offers. The 10% above-list metric confirms buyers can negotiate at or below asking price in most transactions. Cash investors seeking appreciation plays face elevated holding risk given the extended liquidity period, while sellers from 2024-2025 who captured the price run-up should consider the narrowing premium window.

The PropIQ score of 61 signals caution, suggesting current price momentum may not sustain through 2026 given inventory absorption challenges. The divergence between strong year-over-year appreciation and weak velocity metrics—158 days and 90% at-or-below-list closings—historically precedes price deceleration or correction. Monitor monthly sold volume and DOM trends through Q2 2026; further extension beyond 170 days would indicate oversupply conditions that typically compress seller premiums by 5-8% within two quarters.