Sherman's median home price has slipped to $280,000, down 6.7% year-over-year, even as Texas Instruments' sprawling chip campus ramps up production — a rare window where a funded tech boom and a buyer-friendly correction overlap. The first TI fab started manufacturing wafers in December 2025, and the megasite promises 3,000 direct jobs plus thousands more in support. For a city of about 50,000 sitting 60 miles north of Dallas, that combination is now reshaping who can buy, at what price, and how fast.
Why this matters now
The correction and the chip build-out are colliding at once. Prices are falling for reasons that have nothing to do with Sherman's long-term fundamentals — mortgage rates, surplus inventory across Texas, and heavy new construction — while the arrivals those factories will draw have barely begun. Homes in Sherman take an average of 78 days to sell, a market so uncompetitive it scores just 26 out of 100 on Redfin's scale, and about 49% of listings have seen a price cut (Redfin). Buyers holding cash or pre-approval right now have negotiating leverage sellers haven't ceded in years.
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