Sherman, IL housing market
The typical Sherman home is worth about $337,000, up 6.3% in a year, 13% above the Illinois typical home. Homes typically sell in 4 days, a little above asking.
Home values, sales, trends and how Sherman compares with the towns next door — updated as new data is published.
Sherman at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Sherman | Illinois |
|---|---|---|
| 2017 | $208,000 | $181,000 |
| 2018 | $211,000 | $190,000 |
| 2019 | $209,000 | $195,000 |
| 2020 | $223,000 | $200,000 |
| 2021 | $228,000 | $215,000 |
| 2022 | $248,000 | $236,000 |
| 2023 | $272,000 | $248,000 |
| 2024 | $288,000 | $263,000 |
| 2025 | $308,000 | $278,000 |
| 2026 | $331,000 | $290,000 |
| August 2026 | $337,000 | $298,000 |
Sherman and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Sherman | $337K | +6.3% | 4 | $148,906 |
| Springfield | — | — | 5 | $66,064 |
| Springfield | $172K | +7.2% | — | $39,507 |
2.3 years of income
The typical Sherman home costs about 2.3 years of the town's median household income, less than across Illinois (3.6 years).
How Sherman ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.