From April through June of 2019, there were 55 homes sold, with a median sale price of $118,500 - a 28.2% 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 the second quarter of 2018.
The median sales tax in Sheffield Lake for the most recent year with available data, 2015, was $2,155, approximately 1.8% of the median home sale price for the second quarter of 2019.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sheffield | 17 | 6 | 183.3% | $145,000 | $207,250 | -30% |
| Oberlin | 33 | 2 | 1550% | $141,000 | $42,000 | 235.7% |
| Brentwood Lake | 7 | 0 | - | $137,000 | $0 | - |
| Coonville | 1 | 0 | - | $130,000 | $0 | - |
| Pheasant Run | 16 | 2 | 700% | $120,000 | $110,669.50 | 8.4% |
| Sheffield Lake | 55 | 4 | 1275% | $118,500 | $92,449.50 | 28.2% |
| Vermilion | 42 | 7 | 500% | $114,250 | $132,000 | -13.4% |
| Elyria | 292 | 43 | 579.1% | $100,000 | $81,000 | 23.5% |
| South Amherst | 5 | 2 | 150% | $98,490 | $147,500 | -33.2% |
| Penfield Junction | 3 | 0 | - | $98,000 | $0 | - |
| Eaton Estates | 7 | 0 | - | $82,500 | $0 | - |
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