From October through December of 2019, there were 45 homes sold, with a median sale price of $118,900 - a 0.3% increase over the $118,500 median sale price for the same period of the previous year. There were 47 homes sold in Sheffield Lake in the fourth quarter of 2018.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.8% of the median home sale price for the fourth quarter of 2019.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Vermilion | 32 | 25 | 28% | $151,500 | $109,900 | 37.9% |
| Wellington | 40 | 34 | 17.6% | $148,750 | $155,525 | -4.4% |
| Grafton | 34 | 32 | 6.3% | $140,750 | $168,000 | -16.2% |
| South Amherst | 9 | 10 | -10% | $124,000 | $147,450 | -15.9% |
| Penfield Junction | 2 | 2 | 0% | $119,350 | $65,750 | 81.5% |
| Sheffield Lake | 45 | 47 | -4.3% | $118,900 | $118,500 | 0.3% |
| Laporte | 2 | 1 | 100% | $105,000 | $56,000 | 87.5% |
| Brentwood Lake | 5 | 1 | 400% | $102,000 | $133,000 | -23.3% |
| Coonville | 2 | 1 | 100% | $90,000 | $38,000 | 136.8% |
| Elyria | 245 | 268 | -8.6% | $90,000 | $89,000 | 1.1% |
| Pheasant Run | 14 | 6 | 133.3% | $90,000 | $70,000 | 28.6% |
Alerts Sign-up