In July 2021, there were 25 homes sold, with a median sale price of $160,000 - a 23.8% increase over the $129,250 median sale price for the same period of the previous year. There were 14 homes sold in Sheffield Lake in July 2020.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.3% of the median home sale price for July 2021.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 13 | 19 | -31.6% | $225,000 | $162,787 | 38.2% |
| Oberlin | 7 | 15 | -53.3% | $210,000 | $169,000 | 24.3% |
| Columbia Station | 10 | 8 | 25% | $189,350 | $322,549.50 | -41.3% |
| Amherst | 35 | 21 | 66.7% | $188,000 | $182,000 | 3.3% |
| Wellington | 15 | 8 | 87.5% | $185,000 | $147,500 | 25.4% |
| Sheffield Lake | 25 | 14 | 78.6% | $160,000 | $129,250 | 23.8% |
| Vermilion | 13 | 12 | 8.3% | $150,000 | $107,750 | 39.2% |
| South Amherst | 4 | 5 | -20% | $143,500 | $167,500 | -14.3% |
| Penfield Junction | 2 | 1 | 100% | $132,000 | $63,000 | 109.5% |
| Elyria | 127 | 84 | 51.2% | $125,000 | $114,000 | 9.6% |
| Pheasant Run | 5 | 5 | 0% | $115,000 | $148,500 | -22.6% |
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