Sheffield Housing Market Report May 2025•Colbert County, Alabama

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Housing Prices in Sheffield, AL

How much do homes in Sheffield, AL cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Sheffield is a Seller's Market

Difference Since May 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$149,500$100/SqFt
+$14,500
+10.7%

Based on all homes sold in the last 12 months

Insight

Homes in Sheffield have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Sheffield was $149,500 in May 2025, up 10.7% from last year, and the median price per square foot was $100.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Sheffield
+10.7%
Tuscumbia
+7.3%
Tri-Cities
-0.5%
Muscle Shoals
-2.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$42K-
N/A
2$115K$120K
+4.3%
3$139.9K$151K
+7.9%
4$202.7K$195.3K
-3.6%
5$299K$234.2K
-21.7%

Summary: Sheffield housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +4.3%. The home price for 3 bedroom homes increased by +7.9%. The home price for 4 bedroom homes decreased by -3.6%. The home price for 5 bedroom homes decreased by -21.7%.

How does Sheffield, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Sheffield, AL

Housing supply in Sheffield, AL

How many homes are available in Sheffield, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
77Last MonthMay 2025
692 months agoApr 2025
+11.6 %
Change MoMApr – May

Summary: The Sheffield real estate market had 77 homes for sale in May 2025, a 11.6 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
19Last MonthMay 2025
122 months agoApr 2025
+58.3 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
21416
+14.3%
33544
+25.7%
41612
-25.0%
545
+25.0%

Summary: Sheffield housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +25.7%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Sheffield, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price4 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Sheffield, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Sheffield in May 2025, up by 58.3% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and and 26% were sold over asking.

Days on Market for Sheffield, AL

How long does it take to sell a home in Sheffield, AL?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days3 Homes

Over 90 Days8 Homes

Insight

Most homes in Sheffield are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 19 homes were sold in Sheffield; 37% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
87 DaysThis YearMay 2025
16 Days1 year agoMay 2024
+436.4 %
Change YoYMay 2024 – May 2025

Summary: Homes in Sheffield had an average listing age of 87 days in May 2025, up by 436.4% compared to the previous year.

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Newest Listings in Sheffield, AL

What homes are available in Sheffield, AL?

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Nearby markets aren't available for Sheffield, AL

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MLS Disclaimers and Copyright

Based on information from Strategic MLS Alliance, ValleyMLS, and Greater Alabama MLS for the period 06/01/2023 - 06/01/2025

Copyright 2025 Strategic MLS Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/14/2025, 10:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2025 Valley MLS, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/14/2025, 10:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/14/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.