Amherst home prices rise in the third quarter of 2020

Medium realestate5

The median sale price of a home sold in the third quarter of 2020 in Amherst rose by $14,500 while total sales decreased by 54%, according to

From July through September of 2020, there were 52 homes sold, with a median sale price of $187,500 - a 8.4% increase over the $173,000 median sale price for the same period of the previous year. There were 113 homes sold in Amherst in the third quarter of 2019.

The median sales tax in Amherst for the most recent year with available data, 2018, was $2,507, approximately 1.3% of the median home sale price for the third quarter of 2020.

The following table compares Amherst 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)
Avon Lake89137-35%$260,000$243,0007%
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%

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