The median sale price of a home sold in the third quarter of 2020 in Penfield Junction rose by $58,674 while total sales increased by 50%, according to BlockShopper.com.
From July through September of 2020, there were three homes sold, with a median sale price of $107,000 - a 121.4% increase over the $48,326 median sale price for the same period of the previous year. There were two homes sold in Penfield Junction in the third quarter of 2019.
The median sales tax in Penfield Junction for the most recent year with available data, 2018, was $1,659, approximately 1.6% of the median home sale price for the third quarter of 2020.
The following table compares Penfield Junction to other Lorain County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pheasant Run | 6 | 13 | -53.8% | $142,200 | $105,000 | 35.4% |
| Sheffield Lake | 33 | 59 | -44.1% | $135,000 | $124,000 | 8.9% |
| Eaton Estates | 4 | 7 | -42.9% | $121,500 | $89,900 | 35.2% |
| Elyria | 191 | 302 | -36.8% | $119,900 | $99,950 | 20% |
| Vermilion | 28 | 35 | -20% | $115,000 | $178,000 | -35.4% |
| Penfield Junction | 3 | 2 | 50% | $107,000 | $48,326 | 121.4% |
| South Amherst | 11 | 10 | 10% | $103,000 | $120,250 | -14.3% |
| Brentwood Lake | 3 | 3 | 0% | $85,000 | $142,500 | -40.4% |
| Lorain | 240 | 322 | -25.5% | $83,000 | $63,900 | 29.9% |
| Vincent | 1 | 1 | 0% | $69,500 | $7,500 | 826.7% |
| Coonville | 1 | 1 | 0% | $66,000 | $59,100 | 11.7% |
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