In June 2017, there were 17 homes sold, with a median sale price of $90,000 - a 19.6% decrease over the $112,000 median sale price for the same period of the previous year. There were five homes sold in Sheffield Lake in June 2016.
The median sales tax in Sheffield Lake for the most recent year with available data, 2015, was $2,155, approximately 2.4% of the median home sale price for June 2017.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 12 | 3 | 300% | $137,000 | $169,900 | -19.4% |
| Pheasant Run | 4 | 2 | 100% | $122,720 | $73,000 | 68.1% |
| Sheffield | 6 | 3 | 100% | $122,150 | $90,650 | 34.7% |
| Eaton Estates | 2 | 3 | -33.3% | $97,500 | $60,000 | 62.5% |
| Laporte | 1 | 0 | - | $95,000 | $0 | - |
| Sheffield Lake | 17 | 5 | 240% | $90,000 | $112,000 | -19.6% |
| Elyria | 102 | 29 | 251.7% | $83,000 | $89,600 | -7.4% |
| Lorain | 99 | 27 | 266.7% | $75,000 | $61,200 | 22.5% |
| South Amherst | 2 | 1 | 100% | $52,450 | $118,000 | -55.6% |
| Vincent | 2 | 0 | - | $36,600 | $0 | - |
| Penfield Junction | 3 | 0 | - | $29,000 | $0 | - |
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