Sherwood Oaks Market Update
Midyear numbers are in, and they give Sherwood Oaks homeowners a clear read on where things stand heading into fall. This update uses the most recent data available for the 47401 ZIP code, which includes Sherwood Oaks, current as of June 2026. Whether you're just keeping an eye on your home's value or thinking about a move down the road, here's what the numbers actually show.
Bloomington market update
Midyear numbers are in, and they give Sherwood Oaks homeowners a clear read on where things stand heading into fall. This update uses the most recent data available for the 47401 ZIP code, which includes Sherwood Oaks, current as of June 2026. Whether you're just keeping an eye on your home's value or thinking about a move down the road, here's what the numbers actually show.
As of June 2026, the 47401 area is showing:
Market classification: the report labels this a Seller's Market, though rising inventory and longer days on market suggest things are edging toward more balance
A separate automated valuation model puts the median estimated property value at $391,790 as of June, up 0.4% from the prior month and up 0.5% over the past 12 months. It's a useful second data point, and it's telling a slightly steadier story than the list price trend above.
Two things are true at once right now. List prices have softened over the past month and year, but sold prices actually moved up month over month, and homes are still selling close to full asking price at 97.6% of list. That's not a sign of a market falling apart. It reads more like sellers adjusting their asking prices to match where buyers actually are, which is a normal and healthy market behavior.
The bigger number to watch is inventory. Five months of supply, up nearly 10% from last month, means buyers are getting a bit more room to shop and compare. If you're weighing a future sale, that's the trend worth tracking over the next few months, not any single data point in isolation.
Looking at homes sold in the 47401 area over the past three months:
Because this reflects the full 47401 ZIP code, it includes a broad mix of housing types, from smaller and older homes near campus to larger single family homes more typical of Sherwood Oaks. Treat the price and size ranges as context for the wider area rather than a direct comp set for your specific home.
A few figures worth knowing about the area:
| Median household income | $67,800, above the Monroe County median of $63,372 |
|---|---|
| Income per capita | $49,831, notably higher than the county ($36,836), state ($37,178), and national ($43,289) figures |
| Median home age | 43 years |
| Homeownership rate | 55% own, 45% rent |
| AARP Livability Index overall score | 57 out of 100, above the national average benchmark of 50 |
| Walkability score | 1.5 out of 5 |
- Keep an eye on months of inventory over the next few reporting periods. A continued rise is the clearest early signal of a shift toward a more balanced market.
- If you're curious what your specific home might be worth given these trends, a current home value estimate accounts for details this ZIP-wide data can't.
- If you're planning updates or repairs before a future sale, ask which improvements actually hold value in Sherwood Oaks specifically rather than assuming citywide trends apply evenly.
- Sold prices rose month over month even as list prices softened, which points to more realistic pricing rather than a weakening market.
- Homes are still selling close to asking price, at 97.6% of list.
- Inventory is increasing, which is worth watching as a leading indicator for the months ahead.
- These figures reflect the 47401 ZIP code as a whole. Your specific home's value depends on its own condition, size, and location within Sherwood Oaks.
Closing
If you'd ever like a clearer picture of what your home is worth in today's market, or just want to talk through what these numbers mean for your specific situation, I'm always happy to help.