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SHEFFIELD LAKE, OH 44054

Real Estate Market Report  ·  Lorain County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
35
⇧ 75% vs 20 last year
Pending
15
43% pending ratio
Median Price
$253,950
⇧ 3.8% vs $244,675 last year
Average Price
$330,340
⇩ 1.2% vs $334,391 last year
Days on Market
50
⇩ 26.5% vs 68 days last year

Market Context

Population: 12,649  ·  Density: 390.1/mi²  ·  Median household income: $72,088

Typical home value: $152,995  ·  Homeownership: 79.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SHEFFIELD LAKE, OH real estate market (44054) currently shows 35 active listings, with 15 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are selling faster, averaging 50 days on market compared to 68 days last year.

The median listing price has risen 3.8% year-over-year, from $244,675 to $253,950.

Whether you are buying or selling in SHEFFIELD LAKE, OH, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 20 last year
  • Days on market: 50 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $253,950 (+3.8% YoY)
  • Average: $330,340 (-1.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.7 miles — 734 listings ($257,262,037 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44054Sheffield Lake, OH 440540.0 mi35$11,561,900$253,950$330,340
44052Lorain, OH 440523.6 mi87$17,324,397$156,450$199,131
44012Avon Lake, OH 440124.5 mi50$24,514,850$516,500$490,297
44035Elyria, OH 440357.1 mi156$35,926,800$225,000$230,300
44140Bay Village, OH 441408.5 mi36$30,792,528$537,500$855,348
44070North Olmsted, OH 440709.6 mi60$16,330,800$279,450$272,180
44001Amherst, OH 4400110.9 mi49$15,977,724$310,000$326,076
44126Cleveland, OH 4412612.5 mi36$12,070,008$299,900$335,278
44017Berea, OH 4401713.6 mi23$6,276,677$263,000$272,899
44074Oberlin, OH 4407414.2 mi26$8,844,498$347,400$340,173
44142Brookpark, OH 4414214.6 mi17$4,076,719$234,900$239,807
44089Vermilion, OH 4408915.1 mi83$57,998,740$482,000$698,780
44111Cleveland, OH 4411115.7 mi76$15,566,396$180,000$204,821

Frequently Asked Questions

How many homes are for sale in SHEFFIELD LAKE, OH 44054?

As of January 2026, there are 35 active listings in SHEFFIELD LAKE, OH (zip code 44054), compared to 20 the prior year.

What is the median home price in SHEFFIELD LAKE, OH 44054?

The median listing price in SHEFFIELD LAKE, OH 44054 is $253,950 as of January 2026, a 3.8% increase from $244,675 the prior year.

How long do homes stay on the market in SHEFFIELD LAKE, OH?

Homes in SHEFFIELD LAKE, OH 44054 spend an average of 50 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in SHEFFIELD LAKE, OH 44054?

Based on current inventory and days-on-market data as of January 2026, SHEFFIELD LAKE, OH 44054 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are selling faster, averaging 50 days on market compared to 68 days last year.

How much can I save on real estate commission in SHEFFIELD LAKE, OH?

With SELL123.com's maximum 3% commission, sellers in SHEFFIELD LAKE, OH 44054 save an estimated $5,079 compared to a typical 5% commission on the median listing price of $253,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.