Is Sheffield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sheffield Township has remained a Seller's Market.
Key Takeaway
Sheffield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sheffield Township, OH
How much do homes in Sheffield Township, OH cost?
Median Sold Price
$204,950
$130/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Sheffield Township have sold for 241.6% more than they did a month ago.
Summary: The median home sold price in Sheffield Township was $204,950 in March 2024, up 241.6% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $28K | $95K | +239.3% |
| 3 Bedrooms | $168K | - | N/A |
| 4 Bedrooms | $39K | $239.9K | +515.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sheffield Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 239.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 515.1%, and 5+ bedroom homes did not change.
Housing Supply in Sheffield Township, OH
How many homes are available in Sheffield Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Sheffield Township real estate market had 15 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheffield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheffield Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Sheffield Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Sheffield Township, OH
How long does it take to sell a home in Sheffield Township, OH?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 33 Days | -31.5% |
Summary: Homes in Sheffield Township had an average of 33 days on market in Mar 2024, down by 31.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheffield Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Sheffield Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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