From January through December of 2020, there were 97 homes sold, with a median sale price of $134,000 - a 18.6% increase over the $113,000 median sale price for the previous year. There were 204 homes sold in Sheffield Lake in 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 2020.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Columbia Station | 75 | 150 | -50% | $190,958 | $205,000 | -6.8% |
| Amherst | 180 | 312 | -42.3% | $175,000 | $162,000 | 8% |
| Wellington | 82 | 138 | -40.6% | $157,500 | $146,000 | 7.9% |
| Oberlin | 94 | 139 | -32.4% | $152,250 | $145,000 | 5% |
| Laporte | 7 | 6 | 16.7% | $145,000 | $92,500 | 56.8% |
| Sheffield Lake | 97 | 204 | -52.5% | $134,000 | $113,000 | 18.6% |
| South Amherst | 33 | 26 | 26.9% | $130,000 | $117,750 | 10.4% |
| Vermilion | 88 | 133 | -33.8% | $125,700 | $148,000 | -15.1% |
| Eaton Estates | 14 | 30 | -53.3% | $119,450 | $88,450 | 35% |
| Brentwood Lake | 6 | 16 | -62.5% | $114,375 | $130,500 | -12.4% |
| Pheasant Run | 16 | 54 | -70.4% | $111,500 | $111,000 | 0.5% |
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