Brokers — List your Company Here
Featured local agent — Sheffield Lake, OH
Sarah Mitchell
Compass Real Estate · Sheffield Lake, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Sheffield Lake, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Sheffield Lake, OH housing market right now?
The median home sale price in Sheffield Lake, OH is $230,000, up 15.0% year-over-year. Homes sell in an average of 28 days with 11 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sheffield Lake a buyer's or seller's market?
Sheffield Lake, OH is currently a seller's market, based on 1.0 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
28
Average pace
Active listings
11
1.0 months supply
Sale-to-list
99.8%
Below asking
What does the Sheffield Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $249,900 |
| Year-over-year price change | +15.0% |
| Average days on market | 28 days |
| Active inventory | 11 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 9 |
| Listings with a price cut | 36.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Sheffield Lake by property type?
How the Sheffield Lake, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,000 | $140/sq ft | 10 | 25 days |
| Condo / Co-op | $214,900 | $221/sq ft | 1 | 115 days |
Source: Redfin · Updated monthly
The Sheffield Lake housing market is currently classified as a seller's market with a median sale price of $230,000. Prices have risen 15.0% compared to last year, with homes spending an average of 28 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Sheffield Lake
There are currently 11 homes listed for sale in Sheffield Lake, Ohio. The median listing price is $250K.
Active listings
11
Homes on market
Median list price
$250K
Avg. days on market
28
Days until sale
New this week
9
Newly listed
Who lives in Sheffield Lake?
Population
8,946
Median income
$62,065/yr
Median age
44.3 years
Owner-occupied
72.1%
College grads
19.1%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Sheffield Lake?
Zillow home value
$212,994
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Sheffield Lake?
Sheffield Lake is a community of approximately 9K residents with a median age of 44.3 years.The median household income is $62,065, which represents a working-class community with solid middle-income opportunities. 19.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sheffield Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Sheffield Lake?
1 schools tracked · 179 students
The largest public schools serving Sheffield Lake, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Forestlawn Early Learning Center
Grades PK-K · 179 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Sheffield Lake, OH?
Want a head-to-head view? Compare Sheffield Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Sheffield Lake?
The median home sale price in Sheffield Lake is $230,000, up 15.0% from last year.
How long do homes stay on market in Sheffield Lake?
Homes typically spend 28 days on market before going under contract.
What is the median income in Sheffield Lake?
The median household income is $62,065 per year.
Is Sheffield Lake a buyer's or seller's market?
With 1.0 months of supply, Sheffield Lake is currently a seller's market.
What is the Zillow home value estimate for Sheffield Lake?
The Zillow Home Value Index (ZHVI) for Sheffield Lake is $212,994, representing the typical home value in the area.
What is the median condo price in Sheffield Lake?
The median condo/co-op sale price in Sheffield Lake, OH is $214,900, compared to $239,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Sheffield Lake?
The median single-family home price in Sheffield Lake, OH is $239,000 (about $140 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Sheffield Lake, OH
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Sheffield Lake market alerts
Weekly updates on prices, inventory, and trends. Free forever.