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Sunday, November 24, 2024

Home prices increased in Amherst during the second half of 2021

Realestate2

The median sale price of a home sold in the second half of 2021 in Amherst rose by $10,000 while total sales increased by 23.9%, according to BlockShopper.com.

From July through December of 2021, there were 176 homes sold, with a median sale price of $190,000 - a 5.6% increase over the $180,000 median sale price for the same period of the previous year. There were 142 homes sold in Amherst in the second half of 2020.

The median sales tax in Amherst for the most recent year with available data, 2018, was $2,507, approximately 1.3% of the median home sale price for the second half of 2021.

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

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Sheffield31310%$240,000$247,000-2.8%
North Ridgeville370411-10%$236,250$212,90011%
Oberlin6473-12.3%$200,000$144,90038%
Columbia Station756123%$200,000$260,000-23.1%
Grafton6870-2.9%$194,000$208,000-6.7%
Amherst17614223.9%$190,000$180,0005.6%
Brentwood Lake47-42.9%$185,000$158,50016.7%
Wellington1027143.7%$175,000$180,000-2.8%
South Amherst1924-20.8%$165,000$133,50023.6%
Laporte3250%$155,000$146,7505.6%
Sheffield Lake1308651.2%$150,000$134,90011.2%

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