In February 2017, there were seven homes sold, with a median sale price of $89,900 - a 26.5% increase over the $71,050 median sale price for the same period of the previous year. There were 10 homes sold in Sheffield Lake in February 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 February 2017.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in February 2017:
| City | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 13 | 13 | 0% | $135,000 | $135,000 | 0% |
| Grafton | 15 | 8 | 87.5% | $132,450 | $142,950 | -7.3% |
| Amherst | 12 | 10 | 20% | $131,500 | $88,685.50 | 48.3% |
| Vermilion | 7 | 12 | -41.7% | $130,000 | $127,000 | 2.4% |
| Pheasant Run | 1 | 0 | - | $90,000 | $0 | - |
| Sheffield Lake | 7 | 10 | -30% | $89,900 | $71,050 | 26.5% |
| Penfield Junction | 1 | 1 | 0% | $84,000 | $53,000 | 58.5% |
| Columbia Station | 6 | 6 | 0% | $83,000 | $123,500 | -32.8% |
| South Amherst | 5 | 1 | 400% | $64,000 | $36,200 | 76.8% |
| Eaton Estates | 2 | 0 | - | $62,500 | $0 | - |
| Elyria | 54 | 44 | 22.7% | $54,500 | $48,300 | 12.8% |
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