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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheffield Township is a 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

$128,000

$71/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$2,000(-1.5%)

Key Takeaway

Homes in Sheffield Township have sold for 1.5% less than they did a month ago.

Summary: The median home sold price in Sheffield Township was $128,000 in November 2024, down 1.5% from last month, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $50K-
N/A
3 $150.7K$125.5K
-16.7%
4 -$128K
N/A
5+ --
N/A

Summary: Sheffield Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.7%, 4 bedroom homes did not change, 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

Oct 2024Nov 2024CHANGE
149-35.7%

Summary: The Sheffield Township real estate market had 9 homes for sale in November 2024, a 35.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 107
-30.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The Sheffield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheffield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sheffield Township in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Oct 2024Nov 2024CHANGE
39 Days29 Days-23.9%

Summary: Homes in Sheffield Township had an average of 29 days on market in Nov 2024, down by 23.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sheffield Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Sheffield Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Sheffield Township, OH

Nearby Markets to Sheffield Township, OH

What housing markets are near Sheffield Township, OH?