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Lorain Times

Sunday, November 24, 2024

Falling home prices in Pheasant Run in the fourth quarter of 2021

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The median sale price of a home sold in the fourth quarter of 2021 in Pheasant Run fell by $41,750 while total sales decreased by 20%, according to BlockShopper.com.

From October through December of 2021, there were 12 homes sold, with a median sale price of $101,250 - a 29.2% decrease over the $143,000 median sale price for the same period of the previous year. There were 15 homes sold in Pheasant Run in the fourth quarter of 2020.

The median sales tax in Pheasant Run for the most recent year with available data, 2018, was $1,860, approximately 1.8% of the median home sale price for the fourth quarter of 2021.

The following table compares Pheasant Run to other Lorain County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Laporte10-$155,000$0-
Sheffield Lake613479.4%$155,000$126,25022.8%
Wellington483441.2%$153,500$197,500-22.3%
Vermilion3844-13.6%$149,450$167,500-10.8%
Eaton Estates10666.7%$132,600$122,2508.5%
Elyria3333049.5%$130,000$115,00013%
Coonville23-33.3%$121,250$39,000210.9%
Pheasant Run1215-20%$101,250$143,000-29.2%
Penfield Junction15-80%$101,000$76,90031.3%
Lorain41637510.9%$92,000$80,00015%
Vincent7475%$58,000$86,000-32.6%

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