In May, there were 17 homes sold, with a median sale price of $152,000 - a five percent decrease from the $160,000 median sale price for the same period of the previous year. There were 15 homes sold in Sheffield Lake in May 2021.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.4 percent of the median home sale price for May.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 9 | 7 | 28.6 | $242,000 | $190,000 | 27.4 |
| Laporte | 1 | 0 | - | $220,000 | $0 | - |
| Columbia Station | 11 | 10 | 10 | $184,000 | $282,250 | -34.8 |
| Wellington | 11 | 12 | -8.3 | $180,000 | $160,250 | 12.3 |
| Coonville | 1 | 1 | 0 | $153,000 | $66,213 | 131.1 |
| Sheffield Lake | 17 | 15 | 13.3 | $152,000 | $160,000 | -5 |
| Eaton Estates | 2 | 2 | 0 | $148,500 | $110,000 | 35 |
| Elyria | 107 | 79 | 35.4 | $145,000 | $121,500 | 19.3 |
| Brentwood Lake | 1 | 1 | 0 | $135,000 | $173,000 | -22 |
| Vermilion | 13 | 8 | 62.5 | $135,000 | $170,000 | -20.6 |
| Pheasant Run | 6 | 1 | 500 | $125,000 | $116,000 | 7.8 |
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