From January through June of 2020, there were four homes sold, with a median sale price of $50,250 - a 44.5% decrease over the $90,500 median sale price for the same period of the previous year. There were four homes sold in Penfield Junction in the first half of 2019, as well.
The median sales tax in Penfield Junction for the most recent year with available data, 2018, was $1,659, approximately 3.3% of the median home sale price for the first half of 2020.
The following table compares Penfield Junction to other Lorain County cities with similar median sales prices in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Laporte | 6 | 2 | 200% | $134,950 | $54,500 | 147.6% |
| Sheffield Lake | 59 | 100 | -41% | $134,000 | $104,500 | 28.2% |
| Brentwood Lake | 3 | 8 | -62.5% | $128,750 | $134,000 | -3.9% |
| Vermilion | 46 | 66 | -30.3% | $125,700 | $124,858 | 0.7% |
| Eaton Estates | 9 | 15 | -40% | $118,900 | $89,000 | 33.6% |
| Elyria | 489 | 513 | -4.7% | $95,500 | $90,000 | 6.1% |
| Coonville | 9 | 3 | 200% | $85,000 | $130,000 | -34.6% |
| Vincent | 1 | 5 | -80% | $80,000 | $28,000 | 185.7% |
| Pheasant Run | 9 | 27 | -66.7% | $70,000 | $120,000 | -41.7% |
| Lorain | 542 | 586 | -7.5% | $65,140.50 | $62,765.50 | 3.8% |
| Penfield Junction | 4 | 4 | 0% | $50,250 | $90,500 | -44.5% |
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