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Sunday, November 17, 2024

Sheffield median home prices fell by 14.3% in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Sheffield fell by $33,800 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

From April through June of 2021, there were eight homes sold, with a median sale price of $202,200 - a 14.3% decrease over the $236,000 median sale price for the same period of the previous year. There were eight homes sold in Sheffield in the second quarter of 2020, as well.

The median sales tax in Sheffield for the most recent year with available data, 2018, was $3,495, approximately 1.7% of the median home sale price for the second quarter of 2021.

The following table compares Sheffield to other Lorain County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Avon Lake87109-20.2%$259,000$239,9008%
LaGrange201533.3%$249,900$222,50012.3%
Grafton403129%$239,350$235,0001.9%
North Ridgeville15213611.8%$225,000$220,0002.3%
Columbia Station2731-12.9%$207,500$200,0003.8%
Sheffield880%$202,200$236,000-14.3%
Oberlin393030%$175,000$185,200-5.5%
Brentwood Lake10-$173,000$0-
Amherst5367-20.9%$167,500$185,000-9.5%
Wellington30287.1%$156,650$180,000-13%
Sheffield Lake403611.1%$143,500$142,5000.7%

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