Is Sheffield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheffield is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sheffield has remained a Seller's Market.

Key Takeaway

Sheffield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sheffield, OH cost?

Median Sold Price

$357,000

$132/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$148,500(+71.2%)

Key Takeaway

Homes in Sheffield have sold for 71.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 -$182K
N/A
3 $147K-
N/A
4 $408K$379K
-7.1%
5+ --
N/A

How many homes are available in Sheffield, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
1113+18.2%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 24
+100.0%
3 42
-50.0%
4 56
+20.0%
5+ 01
+100.0%

Number of Homes Sold

Dec 2022Jan 2023%
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheffield, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
13 Days65 Days+400.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sheffield are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sheffield, OH

Sheffield, OH has 13 homes for sale to choose from. In January 2023 in Sheffield, OH there were 18.2% more homes for sale than in December 2022. The median list price of listings available in January 2023 was $357,000, while the average time on the real estate market was 65 days. From January 2022 through January 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 7.1% more cheaper, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 100%, number of 3 bedrooms homes decreased by 50%, number of 4 bedrooms homes increased by 20%, the quantity of 5 bedrooms homes went up by 100%. In January 2023 more than 0 listings in Sheffield, OH were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.

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