In August 2020, there were 16 homes sold, with a median sale price of $137,950 - a 33.9% increase over the $103,000 median sale price for the same period of the previous year. There were 19 homes sold in Sheffield Lake in August 2019.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.5% of the median home sale price for August 2020.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 10 | 15 | -33.3% | $200,500 | $136,000 | 47.4% |
| Columbia Station | 11 | 16 | -31.3% | $180,000 | $300,750 | -40.1% |
| Brentwood Lake | 1 | 1 | 0% | $180,000 | $150,000 | 20% |
| Wellington | 11 | 13 | -15.4% | $150,000 | $140,500 | 6.8% |
| Eaton Estates | 2 | 2 | 0% | $139,000 | $110,000 | 26.4% |
| Sheffield Lake | 16 | 19 | -15.8% | $137,950 | $103,000 | 33.9% |
| Pheasant Run | 1 | 4 | -75% | $135,900 | $105,000 | 29.4% |
| Elyria | 84 | 108 | -22.2% | $119,200 | $102,500 | 16.3% |
| Penfield Junction | 1 | 0 | - | $115,000 | $0 | - |
| Vermilion | 15 | 13 | 15.4% | $115,000 | $175,000 | -34.3% |
| South Amherst | 5 | 3 | 66.7% | $100,000 | $115,500 | -13.4% |
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