From January through March of 2017, there were 40 homes sold, with a median sale price of $79,750 - a 3.8% increase over the $76,865 median sale price for the same period of the previous year. There were 20 homes sold in Sheffield Lake in the first quarter of 2016.
The median sales tax in Sheffield Lake for the most recent year with available data, 2015, was $2,155, approximately 2.7% of the median home sale price for the first quarter of 2017.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Amherst | 47 | 33 | 42.4% | $130,000 | $116,000 | 12.1% |
| Vermilion | 22 | 23 | -4.3% | $127,500 | $138,000 | -7.6% |
| Wellington | 32 | 26 | 23.1% | $121,050 | $116,000 | 4.4% |
| Pheasant Run | 3 | 3 | 0% | $90,000 | $13,000 | 592.3% |
| Penfield Junction | 4 | 1 | 300% | $86,500 | $53,000 | 63.2% |
| Sheffield Lake | 40 | 20 | 100% | $79,750 | $76,865 | 3.8% |
| South Amherst | 7 | 5 | 40% | $73,000 | $73,000 | 0% |
| Elyria | 200 | 117 | 70.9% | $69,950 | $62,830 | 11.3% |
| Lorain | 210 | 151 | 39.1% | $52,720 | $50,000 | 5.4% |
| Eaton Estates | 9 | 2 | 350% | $45,000 | $99,250 | -54.7% |
| Vincent | 1 | 2 | -50% | $40,000 | $37,500 | 6.7% |
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