From January through December of 2020, there were seven homes sold, with a median sale price of $65,000 - a 28.2% decrease over the $90,500 median sale price for the previous year. There were eight homes sold in Penfield Junction in 2019.
The median sales tax in Penfield Junction for the most recent year with available data, 2018, was $1,659, approximately 2.6% of the median home sale price for 2020.
The following table compares Penfield Junction to other Lorain County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sheffield Lake | 97 | 204 | -52.5% | $134,000 | $113,000 | 18.6% |
| South Amherst | 33 | 26 | 26.9% | $130,000 | $117,750 | 10.4% |
| Vermilion | 88 | 133 | -33.8% | $125,700 | $148,000 | -15.1% |
| Eaton Estates | 14 | 30 | -53.3% | $119,450 | $88,450 | 35% |
| Brentwood Lake | 6 | 16 | -62.5% | $114,375 | $130,500 | -12.4% |
| Pheasant Run | 16 | 54 | -70.4% | $111,500 | $111,000 | 0.5% |
| Elyria | 739 | 1,060 | -30.3% | $104,000 | $90,787.50 | 14.6% |
| Vincent | 2 | 9 | -77.8% | $74,750 | $28,000 | 167% |
| Lorain | 858 | 1,191 | -28% | $70,000 | $64,000 | 9.4% |
| Coonville | 11 | 6 | 83.3% | $66,000 | $94,550 | -30.2% |
| Penfield Junction | 7 | 8 | -12.5% | $65,000 | $90,500 | -28.2% |
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