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Market Intelligence · IA / Franklin County

Sheffield, IA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$182K1-yr changeUp6.3%

The typical home value in Sheffield, IA is $182K as of September 2026, up 6.3% from a year ago, based on the Zillow Home Value Index. In the typical Sheffield ZIP code, the median list price is $236K and homes spend a median of 53 days on market as of September 2026 (Realtor.com).

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The coverage

Sheffield, by the numbers.

Typical home valueZillow ZHVI, September 2026
$182K
1-yr changeMedian across Sheffield ZIPs
+6.3%
ZIP markets live
1
County
Franklin County

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12-month value trend

+6.3% over 12 months

Typical home value in Sheffield over the last 12 months: $171K in Sep 2025 to $182K in Sep 2026 (+6.3%).

Sep 2025$171K

Sep 2026$182K

Median Zillow home value index across Sheffield's ZIP codes.

Context

Sheffield's housing market shows modest appreciation. The typical home value stands at $181,949, up 6.3% over the past year as of September 2026. Only 5 homes are currently for sale in the area, a tight inventory. The median list price is $236,125, while homes spend a median of 53 days on market. Notably, 40.0% of listings have seen a price cut, suggesting some sellers are adjusting expectations. In a market this small and competitive, timing and pricing strategy matter significantly for any homeowner considering a sale.

The numbers

What is the housing market like in Sheffield, IA?

Typical home value

$182K

Up6.3%YoY

Median list price

$236K

Days on market

53

Homes for sale

5

Price cuts

40.0%

New listings

0

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Sheffield's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Sheffield, IA home prices over time

Typical home values in Sheffield, IA are up 6.3% over the past year, from $171K in September 2025 to $182K in September 2026.

Typical home value in Sheffield, IA, September of each year
MonthTypical value1-yr change
September 2026$181,949+6.3%
September 2025$171,111No prior year

Typical value is the median Zillow Home Value Index across Sheffield ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Sheffield, IA a buyer's or seller's market?

Sheffield, IA leans toward a buyer's market.

A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 53 days on market and 40% of listings with a price cut in the typical Sheffield ZIP code, and 0 new listings against 5 active listings across Sheffield, as of September 2026 (Realtor.com).

The outlook

Sheffield housing market forecast 2027

+2.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Sheffield ZIP code, points to typical home values rising 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in Sheffield rose 6.3%, per the Zillow Home Value Index.

Will home prices drop in Sheffield?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Sheffield shows typical home values rising 2.4% by September 2027, after a 6.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Sheffield ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Sheffield?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Sheffield, IA home prices.

What is a typical home worth in Sheffield, IA?

The typical home value in Sheffield is $181,949, which has increased 6.3% over the past year as of September 2026.

How long do homes take to sell in Sheffield?

Median days on market stand at 53 days as of September 2026. With only 5 homes currently for sale, inventory is limited.

Are homes selling below list price in Sheffield?

About 40.0% of current listings have experienced a price cut, indicating some negotiation in the market.

Are home prices going up or down in Sheffield, IA?

Typical home values in Sheffield, IA are up 6.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Sheffield, IA a buyer's or seller's market?

Sheffield, IA leans toward a buyer's market. A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 53 days on market and 40% of listings with a price cut in the typical Sheffield ZIP code, and 0 new listings against 5 active listings across Sheffield, as of September 2026 (Realtor.com).

Nearby markets

More Iowa housing markets.

The market is moving

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