Sheffield Housing Market Report April 2025•Lorain County, Ohio

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Housing Prices in Sheffield, OH

How much do homes in Sheffield, OH cost?

Housing Market Conditions

Is Sheffield, OH 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 March 2025

Last month, 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.
$230,000$121/SqFt
-$220,000
-48.9%

Based on all homes sold in April 2025

Insight

Homes in Sheffield have sold for 48.9% less than they did a month ago.

Summary: The median home sold price in Sheffield was $230,000 in April 2025, down 48.9% from last month, and the median price per square foot was $121.

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.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2--
N/A
3$450K$226K
-49.8%
4-$322.5K
N/A
5--
N/A

Summary: Sheffield housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -49.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Sheffield, OH compare with other places?

Market comparison tool

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

Sheffield, OH

Housing supply in Sheffield, OH

How many homes are available in Sheffield, OH?

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
9Last MonthApr 2025
52 months agoMar 2025
+80.0 %
Change MoMMar – Apr

Summary: The Sheffield real estate market had 9 homes for sale in Apr 2025, a 80.0 % increase compared to Mar 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
3Last MonthApr 2025
12 months agoMar 2025
+200.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
500
0.0%
200
0.0%
324
+100.0%
435
+66.7%

Summary: Sheffield housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in Sheffield, OH 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 Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Sheffield, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sheffield in April 2025, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Sheffield, OH

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

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

Summary: During April 2025, 3 homes were sold in Sheffield; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.
Last Month1 month agoChange MoM
84 DaysLast MonthApr 2025
4 Days1 month agoMar 2025
+2016.7 %
Change MoMMar – Apr

Summary: Homes in Sheffield had an average listing age of 84 days in Apr 2025, up by 2016.7% compared to the previous month.

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Newest Listings in Sheffield, OH

What homes are available in Sheffield, OH?

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MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 03/01/2025 - 05/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 3:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.