From October through December of 2020, there were five homes sold, with a median sale price of $74,000 - a 37.8% decrease over the $118,900 median sale price for the same period of the previous year. There were 45 homes sold in Sheffield Lake in the fourth quarter of 2019.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 2.9% of the median home sale price for the fourth quarter of 2020.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pheasant Run | 1 | 14 | -92.9% | $200,000 | $90,000 | 122.2% |
| North Ridgeville | 36 | 151 | -76.2% | $179,000 | $190,000 | -5.8% |
| Amherst | 12 | 85 | -85.9% | $165,000 | $159,900 | 3.2% |
| Wellington | 9 | 40 | -77.5% | $160,000 | $148,750 | 7.6% |
| Eaton Estates | 1 | 8 | -87.5% | $148,000 | $82,250 | 79.9% |
| South Amherst | 2 | 9 | -77.8% | $129,250 | $124,000 | 4.2% |
| Elyria | 58 | 245 | -76.3% | $97,450 | $90,000 | 8.3% |
| Oberlin | 11 | 33 | -66.7% | $85,000 | $155,000 | -45.2% |
| Lorain | 76 | 283 | -73.1% | $77,250 | $69,000 | 12% |
| Sheffield Lake | 5 | 45 | -88.9% | $74,000 | $118,900 | -37.8% |
| Coonville | 1 | 2 | -50% | $35,000 | $90,000 | -61.1% |
Alerts Sign-up