9 hours on Rocket
$2,968 Closing Credit¹
#5129780, Melissa A Siebenhar, Listing office: Russell Real Estate Services
Sheffield Lake Housing Market Report May 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 May 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
$212,250$143/SqFt
+$19,750
+10.3%
Based on all homes sold in the last 12 months
Insight
Homes in Sheffield Lake have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Sheffield Lake was $212,250 in May 2025, up 10.3% from last year, and the median price per square foot was $143.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Sheffield Lake | $192.5K | $212.2K | +10.3% |
| Avon Lake | $365K | $394.9K | +8.2% |
| Sheffield | $380K | $310K | -18.4% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $165K | $170K | +3.0% |
| 33 Bedrooms | $190K | $209K | +10.0% |
| 44 Bedrooms | $200K | $255K | +27.5% |
| 55+ Bedrooms | $266.2K | $253K | -5.0% |
Summary: Sheffield Lake housing price by bedroom type for May 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 +3.0%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes increased by +27.5%. The home price for 5 bedroom homes decreased by -5.0%.
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 |
|---|---|---|
| 30Last MonthMay 2025 | ||
| 302 months agoApr 2025 | 0.0 % Change MoMApr – May |
Summary: The Sheffield Lake real estate market had 30 homes for sale in May 2025, the same as Apr 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthMay 2025 | ||
| 102 months agoApr 2025 | +20.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 6 | +50.0% |
| 33 Bedrooms | 17 | 19 | +11.8% |
| 44 Bedrooms | 8 | 4 | -50.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Sheffield Lake housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +11.8%. The inventory for 4 bedroom homes decreased by -50.0%. 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 Price6 Homes
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Sheffield Lake, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Sheffield Lake in May 2025, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and and 50% 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 Days5 Homes
Over 90 Days0 Home
Insight
Many homes in Sheffield Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 12 homes were sold in Sheffield Lake; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 27 DaysThis YearMay 2025 | ||
| 32 Days1 year agoMay 2024 | -14.5 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Sheffield Lake had an average listing age of 27 days in May 2025, down by 14.5% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Sheffield Lake, OH
What homes are available in Sheffield Lake, OH?
1 day on Rocket
$3,561 Closing Credit¹
#5129245, Mathew P Chase, Listing office: Keller Williams Greater Metropolitan
1 day on Rocket
$2,968 Closing Credit¹
#5129239, Mathew P Chase, Listing office: Keller Williams Greater Metropolitan
$2,373 Closing Credit¹
#5126025, Andrea Neal, Listing office: Russell Real Estate Services
$3,799 Closing Credit¹
#5124393, Jon Legato, Listing office: Century 21 DeAnna Realty
#5119620, Andrea Neal, Listing office: Russell Real Estate Services
#5112372, Tony E DiBenedetto, Listing office: RE/MAX Real Estate Group
#5103198, Scott Fader, Listing office: Joseph Walter Realty, LLC.
#5103219, Scott Fader, Listing office: Joseph Walter Realty, LLC.
$2,375 Closing Credit¹
#5067500, James W Fowler, Listing office: Century 21 DeAnna Realty
#5066558, Michael N Jones, Listing office: Keller Williams Living
Nearby markets
Popular Cities with Homes for Sale in Ohio
- Homes for sale in Akron, OH
- Homes for sale in Beavercreek, OH
- Homes for sale in Brunswick, OH
- Homes for sale in Canton, OH
- Homes for sale in Cincinnati, OH
- Homes for sale in Cleveland, OH
- Homes for sale in Columbus, OH
- Homes for sale in Dayton, OH
- Homes for sale in Dublin, OH
- Homes for sale in Findlay, OH
- Homes for sale in Hudson, OH
- Homes for sale in Lancaster, OH
- Homes for sale in Mason, OH
- Homes for sale in Medina, OH
- Homes for sale in Mentor, OH
- Homes for sale in Newark, OH
- Homes for sale in Parma, OH
- Homes for sale in Strongsville, OH
- Homes for sale in Toledo, OH
- Homes for sale in West Chester, OH
- Homes for sale in Westerville, OH
MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 06/01/2023 - 06/01/2025
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: 6/12/2025, 2:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.