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Sunday, November 17, 2024

May 2021: Avon Lake experienced a 24.2% increase in median home prices

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The median sale price of a home sold in May 2021 in Avon Lake rose by $51,500 while total sales decreased by 6.7%, according to BlockShopper.com.

In May 2021, there were 28 homes sold, with a median sale price of $264,000 - a 24.2% increase over the $212,500 median sale price for the same period of the previous year. There were 30 homes sold in Avon Lake in May 2020.

The median sales tax in Avon Lake for the most recent year with available data, 2018, was $4,256, approximately 1.6% of the median home sale price for May 2021.

The following table compares Avon Lake to other Lorain County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Avon30293.4%$387,500$320,00021.1%
Grafton131118.2%$335,000$200,00067.5%
Columbia Station1019-47.4%$282,250$200,00041.1%
LaGrange7540%$273,500$260,0005.2%
Avon Lake2830-6.7%$264,000$212,50024.2%
North Ridgeville4041-2.4%$222,500$227,000-2%
Oberlin711-36.4%$190,000$187,9001.1%
Brentwood Lake10-$173,000$0-
Vermilion8633.3%$170,000$127,70033.1%
Amherst1527-44.4%$170,000$175,000-2.9%
Wellington121020%$160,250$130,50022.8%

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