76233
Sherman, Texas
Sherman 76233 needs watching.
The 76233 ZIP code in Sherman, Texas has a median sale price of $185K, down -57.0% year-over-year. Homes spend an average of 90 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76233.
The Sherman 76233 market shows significant distress with a median sale price of $185,000, down 57% year-over-year as of February 2026. Properties are averaging 89.5 days on market, well above the typical 30-45 day benchmark for healthy markets. Zero homes have closed above asking price, indicating buyers hold complete negotiating leverage. This dramatic price contraction suggests either a localized economic shock or substantial previous overvaluation that is now correcting.
Price-sensitive buyers and value investors willing to accept moderate risk will find the strongest positioning in this environment. The 89.5-day market time provides extended due diligence windows without competitive pressure, while the complete absence of above-ask sales creates room for below-list offers. Sellers face the worst conditions, with the 57% decline likely putting many purchases from 2024-2025 underwater on equity. Cash buyers seeking rental yield at depressed entry points have structural advantages.
The PropIQ score of 41 signals continued caution, suggesting the market has not established a stable floor. The score indicates further softness is more probable than recovery in the next two quarters. Buyers should monitor whether days-on-market begins contracting below 75 days and whether any properties begin closing at list price, both early indicators of stabilization. Until the score moves above 50, expect continued downward price pressure.
What is the median home price in 76233 Sherman?
The median sale price in 76233 is $185K, down -57.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Sherman 76233?
Homes in 76233 Sherman spend an average of 90 days on market before going under contract.
Is Sherman 76233 a good place to invest in real estate?
Folio's PropIQ™ score for 76233 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 76233?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 41 = Caution in 76233 Sherman, Texas.