Markets › TX › Sherman – Denison

Sherman – Denison, TX housing market

Sherman – Denison, TX metro median sale price $296K in Sep 2026, down 7.0% year over year.

The median sale price in the Sherman – Denison, TX metro is $296K as of Sep 2026, down 7.0% from a year earlier. That is the 3rd-steepest year-over-year decline of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a smaller change, down 2.4% through Q2 2026, 4.6 points apart; Price reconciliation below shows both.

On median sale price, Sherman – Denison ($296K) ranks 8th of the 23 Texas metros with that figure, between Abilene ($302K) and San Angelo ($284K). On median days on market, Sherman – Denison (78 days) ranks 7th of the 25 Texas metros, between McAllen – Edinburg (78 days) and Waco (78 days). On share of listings with a price cut, Sherman – Denison (35%) ranks 7th of the 25 Texas metros, between San Antonio (38%) and Killeen – Temple (35%).

Listings spent a median 78 days on market in Sep 2026, more than in most of the 385 metros. 35% of active listings carry a price cut, 3.3 points fewer than a year earlier.

At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,621 a month; at 28% of gross income, that takes about $69K a year. The median sale price equals about 13 years of HUD Fair Market Rent, a ratio down 9.6% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $180 per square foot, down 5.7% from a year earlier.

In nine of the 12 ZIP codes in the table below, median list prices are lower than a year earlier; three are higher.

Headline

Median sale price

Sep 2026

$296K

-7.0% year-over-year

How it’s calculated

Rolling 3-month median sale price vs. same 3 months one year prior.

Mortgage rate

Oct 15, 2026

7.29%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$1,621/mo

$69K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Sherman – Denison compares to other U.S. metros

Home-price growth	↓381st of 383
Days on market	↑43rd of 385 (top 12%)
Price-to-rent	↓322nd of 373
Price cuts	221st of 385

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio	≈ 13 -9.6% YoY ↓322nd of 373
Asking price / sq ft	$180 -5.7% YoY

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut	≈ 35% -3.3 pts YoY 221st of 385

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data	12 shown of 16
MLS board of record	—
Price methodology	Redfin vs FHFA HPI
Data as of	Sep 2026

Recent signals

Strength 4 / 5

$265K

Sherman median price -9.7% YoY

Price-per-sqft also -4.8% YoY, on about 65 closed sales a month.

Price reconciliation

red · 4.6pp

Redfin (metro)

-7.0%

FHFA HPI · Q2 2026

-2.4%

Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in TX

Abilene Amarillo Austin Beaumont – Port Arthur Brownsville – Harlingen College Station – Bryan Corpus Christi Dallas – Fort Worth El Paso Houston Killeen – Temple Laredo

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ZIP-level data

ZIP	Median list price	Active listings	New listings	Price reductions	Days on market	Home value
75020	$230K↓	224↓	40↓	74↓	83↓	$212K↓
75021	$250K↓	67↓	18	14↓	79↑	$238K↓
75058	$732K↓	62↑	6↓	20	96↑	$651K↓
75076	$430K↓	130↓	20↓	36↓	104↑	$335K↓
75090	$250K↓	145↓	36↑	42↓	56↓	$200K↓
75092	$300K↓	213↓	50↓	92↓	75↑	$281K↓
75459	$487K↑	32↓	4↓	8↓	79↑	$292K↓
75491	$351K↓	55↑	14↑	12↓	62↓	$332K↓
75495	$518K↓	169↑	30↑	74↑	74↓	$420K↓
76245	$466K↑	38↓	6	6↓	95↓	$204K↓
76271	$435K↑	28↓	4↑	4↓	76↑	$378K↓
76273	$383K↓	79↓	14	22↓	72↓	$344K↓

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.