Oberlin home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Oberlin fell by $2,500 while total sales decreased by 35.7%, according to BlockShopper.com.

From July through September of 2020, there were 27 homes sold, with a median sale price of $169,000 - a 1.5% decrease over the $171,500 median sale price for the same period of the previous year. There were 42 homes sold in Oberlin in the third quarter of 2019.

The median sales tax in Oberlin for the most recent year with available data, 2018, was $2,573, approximately 1.5% of the median home sale price for the third quarter of 2020.

The following table compares Oberlin to other Lorain County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
North Ridgeville140195-28.2%$222,550$181,90022.3%
Columbia Station2346-50%$180,000$285,000-36.8%
Pheasant Run613-53.8%$142,200$105,00035.4%
Sheffield Lake3359-44.1%$135,000$124,0008.9%
Eaton Estates47-42.9%$121,500$89,90035.2%

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