S10 & S11 Property Market Update – May 2026

There’s always something that draws people to South West Sheffield. Whether it’s a walk through Endcliffe Park, a coffee on Sharrow Vale Road, or the fact you can be in the Peak District within minutes of leaving home, S10 and S11 property market continues to be some of the city’s most sought-after.

Looking at the May 2026 figures, the market remains in good health. While some of the headline pricing statistics might suggest values have softened, the underlying data tells a more positive story. Buyer demand remains strong, sales are being agreed at healthy levels, and the balance between supply and demand is beginning to tighten.

One of the most interesting trends this month is what’s happening with stock levels. There were 539 properties available for sale across S10 and S11 during May, almost identical to April’s figure of 537. While that’s still around 24% higher than the long-term average of 435 homes, the flow of new properties coming to market has slowed noticeably.

Just 143 new listings were launched during May, compared to 174 in May last year and 171 in April. At the same time, 147 sales were agreed. In simple terms, more homes found buyers than came onto the market. That’s an important indicator because it means available stock is gradually being absorbed rather than continuing to build.

Average asking prices eased during May, with newly listed homes coming to market at an average of £437,502. That’s down from £457,048 a year ago and below April’s figure of £446,754. The average asking price per square foot also slipped slightly from £350 to £344.

However, asking prices only tell part of the story. The more important figure is what buyers are actually agreeing to pay. During May, the average asking price of homes going under offer reached £437,735, up from £429,417 a year ago and significantly higher than April’s £400,173. In fact, the average price of homes finding buyers was marginally higher than the average asking price of homes being listed. The same trend can be seen on a price-per-square-foot basis, where agreed sales reached £345 per square foot compared to an average asking price of £344. What this tells us is that buyers are still willing to pay strong prices for well-presented, correctly priced homes. Sales agreed totalled 147 during May, comfortably above the long-term average of 139 and slightly ahead of last year. Demand is still very much there.

Seller behaviour also points towards a stable market. Withdrawn properties fell from 35 a year ago to just 20 this May, suggesting homeowners are remaining committed to moving rather than pulling properties off the market. Fall-throughs also reduced from 33 to 25, which is encouraging and indicates transactions are progressing relatively smoothly.

The one statistic that continues to stand out is price reductions. While reductions fell from 70 last year to 59 this May, they remain significantly above the long-term average of 39. It’s another reminder that buyers have become increasingly price-sensitive. Homes launched at ambitious prices are often being forced to adjust, while those that come to market at the right level are attracting strong interest and achieving excellent results.

For sellers, the message is fairly clear. Demand remains healthy, sales are being agreed at strong levels and buyers are still prepared to pay close to asking price for the right property. However, pricing strategy is more important than ever. The market is rewarding realistic pricing and punishing overpricing.

For buyers, there is still a reasonable amount of choice available compared to historical norms, but the market is becoming more competitive. With sales now slightly outpacing new listings, the best homes are attracting attention quickly. While opportunities still exist on properties that have been reduced or sitting on the market for a while, buyers need to be prepared to move decisively when the right property comes along.

Overall, May paints the picture of a market that is performing better than some of the headline figures might suggest. Supply is beginning to tighten, demand remains resilient, transactions are being agreed at strong prices and sellers are showing confidence in their ability to move. The lesson from the data is simple: price correctly from the start, and South West Sheffield remains one of the strongest property markets in the city.