Is Sherman, ME 04776 a buyer’s or seller’s market?
Sherman is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Sherman housing market right now
In the three months ending August 31, 2026, 0% of homes in Sherman, ME 04776 sold above their list price, the typical home went under contract in 57 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (26 days then) and the median sale price fell 11% to $135,741. Overall, Sherman is less competitive than a year ago, which gives buyers more room.
Within Aroostook County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, New Limerick 04761 (100% sold over asking) and Kingman 04451 (50% sold over asking) are even more competitive.
Run the numbers for 04776
Nearby markets
Ashland 04732Buyer’s market $112 /sq ftBenedicta 04733 $93 /sq ftBlaine 04734Seller’s market $118 /sq ftBridgewater 04735Buyer’s market $135 /sq ft Browse all markets →Where Sherman is
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Questions about Sherman real estate
Is Sherman a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Sherman, ME 04776 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sherman?
The typical home went under contract in 57 days in the latest three months.
Do homes in Sherman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.
What are property taxes in Sherman?
About 1.12% of a home’s value a year in Aroostook County, or roughly $4,480 on a $400,000 home.
What is the median home price in Sherman?
The median sale price was $135,741 in the three months ending August 31, 2026, about $103 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology