Why Live in Sherman Terrace
Sherman Terrace, a small neighborhood in Madison, is situated between the Yahara River and Lake Mendota, less than three miles northeast of downtown. This area provides residents with numerous recreational activities and easy access to the city's outdoor amenities, local shops, and eateries. Public transportation and local roads facilitate convenient travel throughout Dane County. Housing options in Sherman Terrace include condominiums, apartment complexes, and a few waterfront homes. Condos typically feature modern kitchen appliances and updated interiors, while the waterfront homes, built between the 1930s and 1950s, often come with private docks. The neighborhood is served by highly rated schools: Emerson Elementary School, Sherman Middle School, and Madison East High School. Emerson Elementary offers a Music con Brio program, Sherman Middle boasts a favorable student-teacher ratio, and Madison East High provides an Academic and Career Planning program. For things to do, residents can visit JiggyJamz Records and CDs, Chocolate Shoppe Ice Cream Co, Far Breton Bakery, Banzo, and Lola’s Hi/Lo Lounge. Outdoor enthusiasts can enjoy Filene Park, the Tenney Park Boat Launch, and paddling on the Yahara River. The neighborhood's proximity to downtown Madison and availability of Metro Transit stops along East Johnson Street and Fordem Avenue enhance its accessibility.
Home Trends in Sherman Terrace, WI
On average, homes in Sherman Terrace, Madison sell after 15 days on the market compared to the national average of 52 days. The median sale price for homes in Sherman Terrace, Madison over the last 12 months is $215,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$215,000
Median 2 Bedroom Sale Price
$217,500
Average Price Per Sq Ft
$252
Number of Homes for Sale
2
Last 12 months Home Sales
14
Median List Price
$222,400
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
2%