In April 2019, there were 27 homes sold, with a median sale price of $124,900 - a 35.1% increase over the $92,450 median sale price for the same period of the previous year. There were four homes sold in Sheffield Lake in April 2018.
The median sales tax in Sheffield Lake for the most recent year with available data, 2015, was $2,155, approximately 1.7% of the median home sale price for April 2019.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in April 2019:
| City | Apr. 2019 Home Sales | Apr. 2018 Home Sales | % change (Total Home Sales) | Apr. 2019 Median Sales Price | Apr. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| LaGrange | 4 | 5 | -20% | $146,000 | $275,000 | -46.9% |
| Sheffield | 6 | 6 | 0% | $138,000 | $207,250 | -33.4% |
| Brentwood Lake | 1 | 0 | - | $137,000 | $0 | - |
| Coonville | 1 | 0 | - | $130,000 | $0 | - |
| Wellington | 9 | 4 | 125% | $129,900 | $169,500 | -23.4% |
| Sheffield Lake | 27 | 4 | 575% | $124,900 | $92,449.50 | 35.1% |
| Elyria | 79 | 43 | 83.7% | $94,500 | $81,000 | 16.7% |
| Vermilion | 14 | 7 | 100% | $94,500 | $132,000 | -28.4% |
| Pheasant Run | 6 | 2 | 200% | $93,750 | $110,669.50 | -15.3% |
| Penfield Junction | 2 | 0 | - | $76,000 | $0 | - |
| Eaton Estates | 2 | 0 | - | $65,020 | $0 | - |
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