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Lorain Times

Sunday, November 24, 2024

Sheffield home prices fell in the second half of 2021

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The median sale price of a home sold in the second half of 2021 in Sheffield fell by $7,000 while total sales remained unchanged with 31 homes sold, according to BlockShopper.com.

From July through December of 2021, there were 31 homes sold, with a median sale price of $240,000 - a 2.8% decrease over the $247,000 median sale price for the same period of the previous year. There were 31 homes sold in Sheffield in the second half of 2020, as well.

The median sales tax in Sheffield for the most recent year with available data, 2018, was $3,495, approximately 1.5% of the median home sale price for the second half of 2021.

The following table compares Sheffield 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)
Avon202206-1.9%$335,000$332,5000.8%
LaGrange443333.3%$297,500$249,90019%
Avon Lake238270-11.9%$278,500$264,0005.5%
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%

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