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Sunday, November 24, 2024

The fourth quarter of 2021: Columbia Station experienced a 32.6% drop in median home prices

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The median sale price of a home sold in the fourth quarter of 2021 in Columbia Station fell by $89,450 while total sales increased by 43.3%, according to BlockShopper.com.

From October through December of 2021, there were 43 homes sold, with a median sale price of $185,000 - a 32.6% decrease over the $274,450 median sale price for the same period of the previous year. There were 30 homes sold in Columbia Station in the fourth quarter of 2020.

The median sales tax in Columbia Station for the most recent year with available data, 2018, was $3,373, approximately 1.8% of the median home sale price for the fourth quarter of 2021.

The following table compares Columbia Station 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)
Oberlin3035-14.3%$219,500$132,00066.3%
Sheffield1517-11.8%$215,500$247,000-12.8%
Amherst886927.5%$205,000$168,00022%
South Amherst810-20%$197,950$170,75015.9%
Grafton34319.7%$186,250$203,000-8.3%
Columbia Station433043.3%$185,000$274,450-32.6%
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%

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