Housing in Sherman, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$362,500
Median List Price
$289,750
Price Per Sq Ft
$120
Days on Market
14
Active Inventory
2
Months of Supply
0.3
Seller's market
Zillow Home Value
$321,438
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
93.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
2
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$120
Median List $/SF
$108
Sherman vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Sherman is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$291,300
Median Rent
$1,565
Total Housing Units
1,546
Vacancy Rate
2.5%
Owner Occupied
89.9%
Renter Occupied
10.1%
Median Property Tax
$6,250
per year
Monthly Cost (w/ Mortgage)
$1,624
Housing Types
The current median sale price in Sherman, IL is $362,500 according to Redfin data. Homes spend a median of 14 days on the market. 16.7% of homes sold above asking price. The market has 0.3 months of supply. The median price per square foot is $120. The median rent is $1,565 per month (Census ACS). About 89.9% of housing units are owner-occupied. The median year homes were built is 2002. There are 1,546 total housing units.