Sheffield Lake, OH Home Values & Market Trends
Real estate market trends reflect that there have been 180 transactions over the past year in Sheffield Lake. The median value for residential home transactions that occurred over the previous year is $221,223. The number of current listings in Sheffield Lake is 139, and the percentage of properties for sale in the city is 139.00%. Sheffield Lake, OH currently has 18 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 139 properties for sale.
Sheffield Lake, OH Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 44054 | $ 236,410 $ 173/sqft |
Housing Market Summary for Sheffield Lake, OH
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $209.9K | $204.4K | -2.60% |
| Median Sold Price | $220.9K | $235.6K | 6.65% |
| Homes For Sale | 65 | 140 | 115.38% |
| Homes Sold | 127 | 62 | -51.18% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sheffield Lake, OH
Browse Homes in Sheffield Lake, OH
Sheffield Lake home values range from $68,362 to $1,201,938. The median estimated value of a home in Sheffield Lake is $221,223. The median list price of a home is 204,450, and the total count of properties in the city is 238.
- Pre-ForeclosurePre-foreclosure homes account for 5.88% of all residential properties in Sheffield Lake, OH with 44054 containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Sheffield Lake, OH; of that zips, the estimated home value for pre-foreclosure homes ranges from $614,483 in 44054 to the lowest home value of $132,158 in 44054.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sheffield Lake, OH ranges from the highest value of $96,931 in 44054 to the lowest value of $96,931 in 44054. Bank owned homes and properties account for 0.42% of properties in Sheffield Lake, OH. There is 1 zips within Sheffield Lake, OH; 44054 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions44054 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Sheffield Lake, OH. Auction homes and other auction properties account for 1.26% of all properties in Sheffield Lake, OH. There is 1 zips within Sheffield Lake, OH; of that zips, the median estimated home value for homes going to auction ranges from $189,484 in 44054 to the lowest value of $172,152 in 44054.
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Guide for Sheffield Lake, OH
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
