From April through June of 2017, there were 49 homes sold, with a median sale price of $88,000 - a 13.7% decrease over the $102,000 median sale price for the same period of the previous year. There were 30 homes sold in Sheffield Lake in the second quarter of 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 the second quarter of 2017.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 47 | 32 | 46.9% | $126,400 | $113,000 | 11.9% |
| Pheasant Run | 14 | 4 | 250% | $114,200 | $90,000 | 26.9% |
| Vermilion | 35 | 27 | 29.6% | $112,000 | $210,000 | -46.7% |
| Oberlin | 30 | 15 | 100% | $95,325 | $155,500 | -38.7% |
| Laporte | 3 | 0 | - | $94,000 | $0 | - |
| Sheffield Lake | 49 | 30 | 63.3% | $88,000 | $102,000 | -13.7% |
| Elyria | 273 | 172 | 58.7% | $80,500 | $89,300 | -9.9% |
| Lorain | 266 | 154 | 72.7% | $66,515 | $62,500 | 6.4% |
| South Amherst | 7 | 6 | 16.7% | $65,089 | $115,182.50 | -43.5% |
| Eaton Estates | 8 | 8 | 0% | $49,165.50 | $66,500 | -26.1% |
| Vincent | 5 | 0 | - | $30,000 | $0 | - |
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