Is Sheffield, IA 50475 a buyer’s or seller’s market?
Sheffield is a seller’s market. With about 2.1 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Sheffield housing market right now
In the three months ending August 31, 2026, 17% of homes in Sheffield, IA 50475 sold above their list price, the typical home went under contract in 67 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 0%, homes sold more slowly (63 days then) and the median sale price rose 82% to $173,875. Overall, Sheffield is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Ackley 50601 (0% sold over asking) or Latimer 50452 (0% sold over asking).
Run the numbers for 50475
Nearby markets
Ackley 50601Balanced $86 /sq ftAlexander 50420 — /sq ftHampton 50441Seller’s market $102 /sq ftLatimer 50452Buyer’s market $75 /sq ft Browse all markets →Towns like Sheffield nearby
Find towns like Sheffield in other states →Where Sheffield is
Loading map…
Questions about Sheffield real estate
Is Sheffield a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Sheffield, IA 50475 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 67 days in the latest three months.
Do homes in Sheffield sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Sheffield?
About 1.32% of a home’s value a year in Franklin County, or roughly $5,280 on a $400,000 home.
What is the median home price in Sheffield?
The median sale price was $173,875 in the three months ending August 31, 2026, about $122 per square foot.
Local agents
See all agents in 50475 →No sponsored agents in 50475 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 50475
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology