Property prices in Sheffield

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Find out how property prices are changing in your local area and across the United Kingdom

Recent trends for prices in Sheffield

The latest figures from February 2024 indicate the property market in Sheffield continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.7% to £215,520. On an annual basis, average property prices have increased 0.2% since 12 months ago.

In terms of sales activity, there were 199 residential property transactions completed in Sheffield during February, 2024. Of these purchases, 101 were financed with a mortgage while 35 were all-cash sales. For cash buyers, average prices have changed by -0.8% since January, 2024, coming in at around £201,894. For properties purchased with a mortgage, the average price changed by -0.7% since January, 2024, to £221,398.

Compared to the overall picture in its national parent England, the average property price in Sheffield are lower than the current national average of £297,735. While Sheffield saw a change of -0.7% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, less than the 0.2% yearly change seen in Sheffield.

Interested in purchasing a property in Sheffield? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Sheffield by housing type

Prices last recorded in February, 2024

average

£215,520

detached

£373,941

flat

£138,356

semi-detached

£236,042

terraced

£187,527

Prices by housing type in Sheffield

Recent data shows that price growth has varied across different property types in Sheffield over the last year. For terraced houses, property prices changed by -0.6% between February 2024 and January 2024 to reach £187,527, and changed by -0.3% over the last 12 months. The annual change was less than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £236,042 in January 2024. This represents a -0.7% change from the same month last year.This is outperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Sheffield lost -0.9% month-over-month to reach an average of £373,941. Annually, detached property values have changed by 0.7%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -0.6% between February and January 2024, hitting £138,356. Over the last 12 months, apartment values have changed by 0.1%, surpassing England's flat and apartment growth rate of -2.8%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 0.7%, while terraced properties lagged, with a change of -0.3%.

Recent purchases in Sheffield

According to data from HM Land Registry, there were 199 completed property purchases in the area of Sheffield in February 2024. Of these sales, 35 were recorded as cash purchases whilst 101 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 0.3% and the percentage of properties purchased with cash has changed by 0%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in sheffield.

Detached property prices in sheffield

Semi-Detached property prices in sheffield

Terraced property prices in sheffield

Flat & Apartment property prices in sheffield

First Time Buyer prices in sheffield

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