76245
Sherman, Texas
Sherman 76245 needs watching.
The 76245 ZIP code in Sherman, Texas has a median sale price of $196K, down -20.0% year-over-year. Homes spend an average of 112 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 76245.
The 76245 ZIP code in Sherman, TX shows significant price compression, with the median sale price settling at $195,900 after a 20.0% year-over-year decline. Inventory is moving slowly at 112 days on market, substantially above the regional benchmark for balanced conditions. Zero homes have closed above list price, indicating buyers maintain full negotiating leverage and sellers are absorbing pricing adjustments to secure transactions.
This environment favors patient buyers with financing secured who can negotiate below-ask terms without competition. The 20% price correction creates entry points for first-time purchasers previously priced out during 2024-2025 appreciation cycles. Sellers face difficulty unless pricing at or below recent comparables; those with equity cushions and flexible timelines will fare better than overleveraged owners needing quick exits.
The PropIQ score of 41 signals caution, suggesting downward price pressure may persist through Q2 2026 without demand catalysts. Monitoring days-on-market trends becomes critical—sustained readings above 100 days typically precede further 5-10% price erosion in similar Texas submarkets. Buyer confidence will likely remain suppressed until inventory absorption improves and price stability holds for consecutive quarters.
What is the median home price in 76245 Sherman?
The median sale price in 76245 is $196K, down -20.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Sherman 76245?
Homes in 76245 Sherman spend an average of 112 days on market before going under contract.
Is Sherman 76245 a good place to invest in real estate?
Folio's PropIQ™ score for 76245 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 76245?
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 76245 Sherman, Texas.