In July 2020, there were 14 homes sold, with a median sale price of $129,250 - a 7% decrease over the $138,950 median sale price for the same period of the previous year. There were 18 homes sold in Sheffield Lake in July 2019.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.6% of the median home sale price for July 2020.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 19 | 16 | 18.8% | $162,787 | $157,250 | 3.5% |
| Laporte | 1 | 0 | - | $161,000 | $0 | - |
| Sheffield | 5 | 11 | -54.5% | $159,000 | $224,000 | -29% |
| Pheasant Run | 5 | 5 | 0% | $148,500 | $109,500 | 35.6% |
| Wellington | 8 | 12 | -33.3% | $147,500 | $171,000 | -13.7% |
| Sheffield Lake | 14 | 18 | -22.2% | $129,250 | $138,950 | -7% |
| Elyria | 84 | 97 | -13.4% | $114,000 | $90,000 | 26.7% |
| Vermilion | 12 | 13 | -7.7% | $107,750 | $178,000 | -39.5% |
| Lorain | 116 | 120 | -3.3% | $93,450 | $58,000 | 61.1% |
| Eaton Estates | 2 | 3 | -33.3% | $81,862 | $89,900 | -8.9% |
| Vincent | 1 | 0 | - | $69,500 | $0 | - |
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