The median sale price of a home sold in April in Sheffield Lake rose by $10,000 while total sales decreased by 31.3 percent, according to BlockShopper.com.
In April, there were 11 homes sold, with a median sale price of $130,000 - an 8.3 percent increase over the $120,000 median sale price for the same period of the previous year. There were 16 homes sold in Sheffield Lake in April 2021.
The median sales tax in Sheffield Lake for the most recent year with available data, 2018, was $2,121, approximately 1.6 percent of the median home sale price for April.
The following table compares Sheffield Lake to other Lorain County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 13 | 20 | -35 | $212,000 | $202,500 | 4.7 |
| Wellington | 18 | 9 | 100 | $203,000 | $155,800 | 30.3 |
| LaGrange | 10 | 6 | 66.7 | $202,450 | $249,900 | -19 |
| Oberlin | 11 | 18 | -38.9 | $188,000 | $81,800 | 129.8 |
| Coonville | 2 | 0 | - | $185,000 | $0 | - |
| South Amherst | 1 | 3 | -66.7 | $180,000 | $161,010 | 11.8 |
| Eaton Estates | 3 | 3 | 0 | $177,000 | $129,500 | 36.7 |
| Sheffield Lake | 11 | 16 | -31.3 | $130,000 | $120,000 | 8.3 |
| Vincent | 1 | 1 | 0 | $100,000 | $132,500 | -24.5 |
| Lorain | 131 | 143 | -8.4 | $98,000 | $72,500 | 35.2 |
| Elyria | 63 | 82 | -23.2 | $98,000 | $114,500 | -14.4 |
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