Why Live in Sheffield Lake
Sheffield Lake is a lakeside neighborhood known for its strong sense of community and outdoor recreational opportunities. Originally a destination for summer homes, it has evolved into a residential area with a variety of home styles, including split-level homes, Cape Cods, ranch-style houses, and bungalows. Newer developments like Treadway Ponds offer modern townhomes, while The Buckeye Cove Lake Front Development features custom homes. The neighborhood is characterized by its access to Lake Erie, with five parks providing opportunities for swimming, boating, fishing, and jet skiing. Ferndale Park's Storybook Trail is a unique feature that combines literacy and exercise for children. Sheffield Lake experiences unpredictable weather, including intense storms and seasonal insect populations. The annual Community Days festival is a major event, drawing thousands for carnival games and fireworks, while smaller events like craft nights and food truck days are also popular. The neighborhood is walkable, with bike lanes along Highway 6, which connects to Cleveland about 20 miles away. Avon Hospital is 8 miles away, and Cleveland Hopkins International Airport is 21 miles away. Retail and employment opportunities are primarily found in nearby Avon.
Home Trends in Sheffield Lake, OH
On average, homes in Sheffield Lake, OH sell after 26 days on the market compared to the national average of 50 days. The median sale price for homes in Sheffield Lake, OH over the last 12 months is $211,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$211,000
Median Single Family Sale Price
$199,950
Median 2 Bedroom Sale Price
$205,000
Average Price Per Sq Ft
$146
Number of Homes for Sale
18
Last 12 months Home Sales
109
Median List Price
$209,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%