Is Sheffield, PA 16347 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Sheffield is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.5Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list88.5%Sold price ÷ list price
Median days on market11Listing to accepted offer
Median price per sq ft$39▼ −30.9% vs. last year

The Sheffield housing market right now

In the three months ending August 31, 2026, 33% of homes in Sheffield, PA 16347 sold above their list price, the typical home went under contract in 11 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (51 days then) and the median sale price rose 8% to $64,972. Overall, Sheffield is more competitive than a year ago, so tougher for buyers.

Within Warren County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 89%.

Nearby, buyers who want less competition could look at Columbus 16405 (0% sold over asking) or Bear Lake 16402 (0% sold over asking), while Sugar Grove 16350 (50% sold over asking) is even more competitive.

Nearby markets

Bear Lake 16402Seller’s market $36 /sq ftClarendon 16313Buyer’s market $76 /sq ftColumbus 16405Seller’s market $125 /sq ftGarland 16416 — /sq ft Browse all markets →

Where Sheffield is

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Questions about Sheffield real estate

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

A buyer’s market: there were 8.5 months of supply in Sheffield, PA 16347 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Sheffield?

The typical home went under contract in 11 days in the latest three months.

Do homes in Sheffield sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 88.5% of the list price.

What are property taxes in Sheffield?

About 1.32% of a home’s value a year in Warren County, or roughly $5,280 on a $400,000 home.

What is the median home price in Sheffield?

The median sale price was $64,972 in the three months ending August 31, 2026, about $39 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology