1 day on Rocket
$1,959 Closing Credit¹
#5112553, Claire Jazbec, Listing Office: Keller Williams Greater Cleveland Northeast
Sheffield Lake Housing Market Report March 2025•Lorain County, Ohio
Housing Prices in Sheffield Lake, OH
How much do homes in Sheffield Lake, OH cost?
Housing Market Conditions
Is Sheffield Lake, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Sheffield Lake is a Seller's Market
Difference Since March 2024
Since last year, Sheffield Lake has remained a Seller's Market.
Insight
Sheffield Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$205,000$143/SqFt
+$12,500
+6.5%
Based on all homes sold in the last 12 months
Insight
Homes in Sheffield Lake have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Sheffield Lake was $205,000 in March 2025, up 6.5% from last year, and the median price per square foot was $143.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Avon Lake | $365K | $392K | +7.4% |
| Sheffield Lake | $192.5K | $205K | +6.5% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $165K | $175K | +6.1% |
| 33 Bedrooms | $189K | $199.9K | +5.8% |
| 44 Bedrooms | $214.5K | $239K | +11.4% |
| 55+ Bedrooms | $267.5K | $281.2K | +5.1% |
Summary: Sheffield Lake housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.1%. The home price for 3 bedroom homes increased by +5.8%. The home price for 4 bedroom homes increased by +11.4%. The home price for 5 bedroom homes increased by +5.1%.
How does Sheffield Lake, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Sheffield Lake, OH
Housing supply in Sheffield Lake, OH
How many homes are available in Sheffield Lake, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthMar 2025 | ||
| 302 months agoFeb 2025 | +3.3 % Change MoMFeb – Mar |
Summary: The Sheffield Lake real estate market had 31 homes for sale in Mar 2025, a 3.3 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthMar 2025 | ||
| 72 months agoFeb 2025 | +71.4 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 4 | -20.0% |
| 33 Bedrooms | 15 | 14 | -6.7% |
| 44 Bedrooms | 9 | 12 | +33.3% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Sheffield Lake housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes decreased by -6.7%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Sheffield Lake, OH cost?
Over Asking Price3 Homes
At Asking Price3 Homes
Under Asking Price6 Homes
Insight
If you're buying a home in Sheffield Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Sheffield Lake in March 2025, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.
Days on Market for Sheffield Lake, OH
How long does it take to sell a home in Sheffield Lake, OH?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days1 Home
Over 90 Days4 Homes
Insight
Many homes in Sheffield Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 12 homes were sold in Sheffield Lake; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearMar 2025 | ||
| 38 Days1 year agoMar 2024 | +55.9 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Sheffield Lake had an average listing age of 59 days in Mar 2025, up by 55.9% compared to the previous year.
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Newest Listings in Sheffield Lake, OH
What homes are available in Sheffield Lake, OH?
3 days on Rocket
#5112372, Tony E DiBenedetto, Listing Office: RE/MAX Real Estate Group
5 days on Rocket
$4,572 Closing Credit¹
#5111827, William Ali III, Listing Office: JMG Ohio
6 days on RocketBackup offers
$2,613 Closing Credit¹
#5111540, Jessica Smith, Listing Office: Keller Williams Citywide
Backup offersTour
$1,425 Closing Credit¹
#5108894, Gregory Erlanger, Listing Office: Keller Williams Citywide
$2,968 Closing Credit¹
#5108267, Mark W Gepperth, Listing Office: Keller Williams Citywide
#5103189, Scott Fader, Listing Office: Joseph Walter Realty, LLC.
#5103219, Scott Fader, Listing Office: Joseph Walter Realty, LLC.
$3,086 Closing Credit¹
#5100377, Maria T Pettet, Listing Office: Keller Williams Citywide
Backup offers
$2,789 Closing Credit¹
#5077757, Patrick R Riley, Listing Office: Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
$2,494 Closing Credit¹
#5067500, James W Fowler, Listing Office: Century 21 DeAnna Realty
#5066558, Michael N Jones, Listing Office: Keller Williams Living
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.