Is Sheffield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sheffield has remained a Seller's Market.
Housing Prices in Sheffield, OH
How much do homes in Sheffield, OH cost?
Median Sold Price
$379,950
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sheffield was $379,950 in May 2024, up 11.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $206K | -6.4% |
3 Bedrooms | $270K | $405K | +50.0% |
4 Bedrooms | $409K | $379.9K | -7.1% |
5+ Bedrooms | $415K | $472.5K | +13.9% |
Summary: Sheffield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Sheffield | $339.7K | $379.9K | +11.8% |
Avon | $399.9K | $439.9K | +10.0% |
Sheffield Township | $132.2K | $142.5K | +7.8% |
Lorain | $133.5K | $139.9K | +4.8% |
Sheffield Lake | $185K | $192.5K | +4.1% |
Housing Supply in Sheffield, OH
How many homes are available in Sheffield, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Sheffield real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sheffield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sheffield in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Sheffield, OH
How long does it take to sell a home in Sheffield, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 24 Days | +122.7% |
Summary: Homes in Sheffield had an average of 24 days on market in May 2024, up by 122.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Sheffield; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.