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Sunday, November 17, 2024

How did home prices perform in Sheffield during 2020?

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The median sale price of a home sold in 2020 in Sheffield rose by $71,000 while total sales decreased by 48.4%, according to BlockShopper.com.

From January through December of 2020, there were 32 homes sold, with a median sale price of $234,250 - a 43.5% increase over the $163,250 median sale price for the previous year. There were 62 homes sold in Sheffield in 2019.

The median sales tax in Sheffield for the most recent year with available data, 2018, was $3,495, approximately 1.5% of the median home sale price for 2020.

The following table compares Sheffield to other Lorain County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Avon264390-32.3%$312,350$300,0004.1%
Avon Lake327466-29.8%$245,000$221,50010.6%
LaGrange3267-52.2%$240,870$198,00021.7%
Sheffield3262-48.4%$234,250$163,25043.5%
North Ridgeville427703-39.3%$208,000$187,00011.2%
Grafton102143-28.7%$192,500$159,90020.4%
Columbia Station75150-50%$190,958$205,000-6.8%
Amherst180312-42.3%$175,000$162,0008%
Wellington82138-40.6%$157,500$146,0007.9%
Oberlin94139-32.4%$152,250$145,0005%
Laporte7616.7%$145,000$92,50056.8%

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