From July through September of 2017, there were three homes sold, with a median sale price of $20,000 - a 41.2% decrease over the $34,000 median sale price for the same period of the previous year. There were three homes sold in Penfield Junction in the third quarter of 2016, as well.
The median sales tax in Penfield Junction for the most recent year with available data, 2015, was $1,622, approximately 8.1% of the median home sale price for the third quarter of 2017.
The following table compares Penfield Junction to other Lorain County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 46 | 16 | 187.5% | $138,000 | $119,450 | 15.5% |
| Coonville | 3 | 0 | - | $110,000 | $0 | - |
| South Amherst | 8 | 3 | 166.7% | $107,450 | $125,000 | -14% |
| Pheasant Run | 10 | 3 | 233.3% | $103,500 | $50,002 | 107% |
| Sheffield Lake | 48 | 24 | 100% | $97,000 | $104,000 | -6.7% |
| Brentwood Lake | 4 | 3 | 33.3% | $92,500 | $148,000 | -37.5% |
| Eaton Estates | 8 | 4 | 100% | $89,000 | $43,050 | 106.7% |
| Elyria | 306 | 122 | 150.8% | $85,000 | $78,950 | 7.7% |
| Lorain | 293 | 116 | 152.6% | $55,573 | $64,450 | -13.8% |
| Vincent | 4 | 0 | - | $48,500 | $0 | - |
| Penfield Junction | 3 | 3 | 0% | $20,000 | $34,000 | -41.2% |
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