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Lorain Times

Sunday, November 24, 2024

Falling home prices in Oberlin in December 2021

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The median sale price of a home sold in December 2021 in Oberlin fell by $24,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In December 2021, there were 10 homes sold, with a median sale price of $207,250 - a 10.5% decrease over the $231,500 median sale price for the same period of the previous year. There were 12 homes sold in Oberlin in December 2020.

The median sales tax in Oberlin for the most recent year with available data, 2018, was $2,573, approximately 1.2% of the median home sale price for December 2021.

The following table compares Oberlin to other Lorain County cities with similar median sale prices in December 2021:

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
LaGrange11683.3%$295,000$285,0003.5%
North Ridgeville5372-26.4%$240,000$237,5001.1%
Sheffield57-28.6%$240,000$275,000-12.7%
Avon2627-3.7%$238,500$370,000-35.5%
South Amherst4333.3%$217,450$90,000141.6%
Oberlin1012-16.7%$207,250$231,500-10.5%
Amherst291952.6%$185,500$195,000-4.9%
Sheffield Lake211190.9%$185,000$108,10071.1%
Grafton1217-29.4%$170,500$255,000-33.1%
Avon Lake3845-15.6%$169,450$237,500-28.7%
Columbia Station167128.6%$169,400$163,1003.9%

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