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Sunday, November 17, 2024

Avon Lake home prices rose in the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Avon Lake rose by $34,950 while total sales decreased by 48.5%, according to BlockShopper.com.

From July through December of 2020, there were 121 homes sold, with a median sale price of $256,950 - a 15.7% increase over the $222,000 median sale price for the same period of the previous year. There were 235 homes sold in Avon Lake in the second half of 2019.

The median sales tax in Avon Lake for the most recent year with available data, 2018, was $4,256, approximately 1.7% of the median home sale price for the second half of 2020.

The following table compares Avon Lake to other Lorain County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Avon108210-48.6%$328,400$300,0009.5%
LaGrange1329-55.2%$260,000$190,00036.8%
Avon Lake121235-48.5%$256,950$222,00015.7%
Columbia Station2983-65.1%$249,000$236,0005.5%
Sheffield1435-60%$223,000$195,00014.4%
North Ridgeville176346-49.1%$207,950$186,25011.7%
Grafton4181-49.4%$206,000$150,00037.3%
Amherst64198-67.7%$182,500$163,95011.3%
Laporte14-75%$161,000$105,00053.3%
Wellington3279-59.5%$152,500$145,0005.2%
Pheasant Run727-74.1%$148,500$105,00041.4%

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