Falling home prices in Oberlin in August 2021

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The median sale price of a home sold in August 2021 in Oberlin fell by $25,500 while total sales increased by 40%, according to BlockShopper.com.

In August 2021, there were 14 homes sold, with a median sale price of $175,000 - a 12.7% decrease over the $200,500 median sale price for the same period of the previous year. There were 10 homes sold in Oberlin in August 2020.

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 August 2021.

The following table compares Oberlin to other Lorain County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
North Ridgeville705820.7%$245,000$205,50019.2%
Columbia Station161145.5%$235,500$180,00030.8%
Brentwood Lake21100%$183,442.50$180,0001.9%
Eaton Estates42100%$144,900$139,0004.2%
Sheffield Lake201625%$141,500$137,9502.6%

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