Sherman home prices fall in September 2020

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The median sale price of a home sold in September 2020 in Sherman fell by $56,250 while total sales decreased by 60%, according to BlockShopper.com.

In September 2020, there were two homes sold, with a median sale price of $93,750 - a 37.5% decrease over the $150,000 median sale price for the same period of the previous year. There were five homes sold in Sherman in September 2019.

The median sales tax in Sherman for the most recent year with available data, 2018, was $3,929, approximately 4.2% of the median home sale price for September 2020.

The following table compares Sherman to other Sangamon County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Williamsville110%$156,400$335,000-53.3%
Mechanicsburg20-$155,750$0-
Riverton24-50%$149,750$90,25065.9%
Auburn73133.3%$125,500$159,000-21.1%
Southern View31200%$95,000$120,000-20.8%
Sherman25-60%$93,750$150,000-37.5%
Divernon13-66.7%$92,000$92,0000%
Spaulding110%$89,000$149,900-40.6%
New Berlin30-$70,000$0-
Illiopolis23-33.3%$67,000$76,000-11.8%
Cantrall10-$58,200$0-

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