Home Values

Sheffield Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$281,100

  • -0.4% 1-year change
  • -0.0% 1-year forecast

The median home value in Sheffield is $281,100. Sheffield home values have declined -0.4% over the past year and Zillow predicts they will fall -0.0% within the next year. The median price of homes currently listed in Sheffield is $379,000.

Foreclosures will be a factor impacting home values in the next several years. In Sheffield 15.4 homes are foreclosed (per 10,000). This is greater than the Pittsfield Metro value of 4.7 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Sheffield is 0.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Sheffield homeowners underwater on their mortgage is 3.1%, which is lower than Pittsfield Metro at 12.3%.

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Relative ZHVI
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Sheffield Market Overview

Data through Oct 31, 2014
  • $281,100 ZHVI
  • -0.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $379,000 Median listing price
  • No data Median sale price
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Sheffield Market Health

Data through Oct 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 3.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

15.4 homes(Apr 30, 2014) Sheffield
4.7 homes Pittsfield Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Salisbury $467,200
Monterey $453,500
Stockbridge $383,100
Name Median ZHVI
Egremont $333,200
New Marlborough $329,300
Norfolk $321,400
Name Median ZHVI
Town of Great Barrington $303,900
Hillsdale $237,300
Copake $187,000

Listings & Sales

Data through Oct 31, 2014
  • $194 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 46.9% Listings with price cut
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Sheffield Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,837 Sheffield
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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