Sheffield Lake home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Sheffield Lake rose by $50,500 while total sales decreased by 86.4%, according to

In September 2020, there were three homes sold, with a median sale price of $169,500 - a 42.4% increase over the $119,000 median sale price for the same period of the previous year. There were 22 homes sold in Sheffield Lake in September 2019.

The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.3% of the median home sale price for September 2020.

The following table compares Sheffield Lake to other Lorain County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
North Ridgeville756-87.5%$270,600$190,00042.4%
Sheffield Lake322-86.4%$169,500$119,00042.4%
Penfield Junction10-$107,000$0-
Columbia Station417-76.5%$96,500$170,300-43.3%

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