In February 2020, there were seven homes sold, with a median sale price of $138,975 - a 60.7% increase over the $86,500 median sale price for the same period of the previous year. There were 14 homes sold in Sheffield Lake in February 2019.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.5% of the median home sale price for February 2020.
The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Avon | 10 | 24 | -58.3% | $205,000 | $238,750 | -14.1% |
| North Ridgeville | 29 | 37 | -21.6% | $193,000 | $139,000 | 38.8% |
| Amherst | 12 | 9 | 33.3% | $188,500 | $152,000 | 24% |
| Oberlin | 9 | 5 | 80% | $155,900 | $113,500 | 37.4% |
| Grafton | 8 | 9 | -11.1% | $148,450 | $154,900 | -4.2% |
| Sheffield Lake | 7 | 14 | -50% | $138,975 | $86,500 | 60.7% |
| Sheffield | 6 | 3 | 100% | $131,333 | $135,000 | -2.7% |
| Brentwood Lake | 1 | 0 | - | $128,750 | $0 | - |
| Eaton Estates | 1 | 4 | -75% | $120,000 | $101,500 | 18.2% |
| Wellington | 9 | 6 | 50% | $117,100 | $56,140 | 108.6% |
| Columbia Station | 5 | 6 | -16.7% | $100,000 | $195,000 | -48.7% |
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