From October through December of 2021, there were 61 homes sold, with a median sale price of $155,000 - a 22.8% increase over the $126,250 median sale price for the same period of the previous year. There were 34 homes sold in Sheffield Lake in the fourth quarter of 2020.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.4% of the median home sale price for the fourth quarter of 2021.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Amherst | 88 | 69 | 27.5% | $205,000 | $168,000 | 22% |
| South Amherst | 8 | 10 | -20% | $197,950 | $170,750 | 15.9% |
| Grafton | 34 | 31 | 9.7% | $186,250 | $203,000 | -8.3% |
| Columbia Station | 43 | 30 | 43.3% | $185,000 | $274,450 | -32.6% |
| Laporte | 1 | 0 | - | $155,000 | $0 | - |
| Sheffield Lake | 61 | 34 | 79.4% | $155,000 | $126,250 | 22.8% |
| Wellington | 48 | 34 | 41.2% | $153,500 | $197,500 | -22.3% |
| Vermilion | 38 | 44 | -13.6% | $149,450 | $167,500 | -10.8% |
| Eaton Estates | 10 | 6 | 66.7% | $132,600 | $122,250 | 8.5% |
| Elyria | 333 | 304 | 9.5% | $130,000 | $115,000 | 13% |
| Coonville | 2 | 3 | -33.3% | $121,250 | $39,000 | 210.9% |
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