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Featured local agent — Sheffield, IL
Sarah Mitchell
Compass Real Estate · Sheffield, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sheffield, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$194,000median sale price
How is the Sheffield, IL housing market right now?
The median home sale price in Sheffield, IL is $194,000, up 52.2% year-over-year. Homes sell in an average of 382 days with 7 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sheffield a buyer's or seller's market?
Sheffield, IL is currently a buyer's market, based on 7.0 months of supply and homes selling in about 382 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
382
Average pace
Active listings
7
7.0 months supply
Sale-to-list
92.8%
Below asking
What does the Sheffield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $194,000 |
| Median list price | $199,900 |
| Year-over-year price change | +52.2% |
| Average days on market | 382 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 92.8% |
| Median price per sq ft | $107/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 28.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Sheffield by property type?
How the Sheffield, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $194,000 | $107/sq ft | 1 | 382 days |
| Townhouse | $64,000 | $58/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Sheffield housing market is currently classified as a buyer's market with a median sale price of $194,000. Prices have risen 52.2% compared to last year, with homes spending an average of 382 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 1.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Sheffield
There are currently 7 homes listed for sale in Sheffield, Illinois. The median listing price is $200K.
Active listings
7
Homes on market
Median list price
$200K
Avg. days on market
382
Days until sale
New this week
1
Newly listed
Who lives in Sheffield?
Population
789
Median income
$68,542/yr
Median age
39 years
Owner-occupied
75.8%
College grads
17.6%
Avg commute
23.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Sheffield?
Zillow home value
$126,658
Price-to-income
1.8x
Source: Zillow Research
What is it like to live in Sheffield?
Sheffield is a community of approximately 1K residents with a median age of 39 years.The median household income is $68,542, which represents a working-class community with solid middle-income opportunities. 17.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sheffield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Sheffield?
1 schools tracked · 303 students
The largest public schools serving Sheffield, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Bureau Valley High School
Grades 9-12 · 303 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Sheffield, IL?
Want a head-to-head view? Compare Sheffield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Sheffield?
The median home sale price in Sheffield is $194,000, up 52.2% from last year.
How long do homes stay on market in Sheffield?
Homes typically spend 382 days on market before going under contract.
What is the median income in Sheffield?
The median household income is $68,542 per year.
Is Sheffield a buyer's or seller's market?
With 7.0 months of supply, Sheffield is currently a buyer's market.
What is the Zillow home value estimate for Sheffield?
The Zillow Home Value Index (ZHVI) for Sheffield is $126,658, representing the typical home value in the area.
How much does a single-family home cost in Sheffield?
The median single-family home price in Sheffield, IL is $194,000 (about $107 per square foot).
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