In February 2019, there were 14 homes sold, with a median sale price of $86,500 - a 0.6% decrease over the $87,000 median sale price for the same period of the previous year. There were 13 homes sold in Sheffield Lake in February 2018.
The median sales tax in Sheffield Lake for the most recent year with available data, 2015, was $2,155, approximately 2.5% of the median home sale price for February 2019.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in February 2019:
| City | Feb. 2019 Home Sales | Feb. 2018 Home Sales | % change (Total Home Sales) | Feb. 2019 Median Sales Price | Feb. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Ridgeville | 37 | 31 | 19.4% | $139,000 | $190,000 | -26.8% |
| Sheffield | 3 | 2 | 50% | $135,000 | $193,250 | -30.1% |
| Oberlin | 5 | 2 | 150% | $113,500 | $182,500 | -37.8% |
| Vermilion | 8 | 12 | -33.3% | $105,388.50 | $95,000 | 10.9% |
| Eaton Estates | 4 | 1 | 300% | $101,500 | $119,696 | -15.2% |
| Sheffield Lake | 14 | 13 | 7.7% | $86,500 | $87,000 | -0.6% |
| Elyria | 69 | 52 | 32.7% | $72,900 | $75,750 | -3.8% |
| South Amherst | 2 | 4 | -50% | $70,500 | $90,900 | -22.4% |
| Wellington | 6 | 10 | -40% | $56,140 | $122,500 | -54.2% |
| Lorain | 91 | 67 | 35.8% | $52,000 | $38,500 | 35.1% |
| Vincent | 1 | 0 | - | $23,333 | $0 | - |
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