Current Price

$183,284

1 Month Forecast

â–² $206,386

1-Year Forecast *

â–² $218,655

5-Year Forecast *

â–² $264,544

"Is it a good time to buy homes in Sheffield Lake?" "Does investing in real estate in Sheffield Lake (Ohio State, Lorain County) worth it?" According to our live Forecast System, buying a house in Sheffield Lake is a good short-term (1-year) investment*. The Sheffield Lake average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Sheffield Lake" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Sheffield Lake in Ohio State, Lorain County. If you are looking for homes for sale with good flipping profit, Sheffield Lake can be a profitable property investment option. The median price of an average house in Sheffield Lake was 183,284 USD on 2026-03-04. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Sheffield Lake" area is 264,544 USD by 2031-03-04. For a 5-year investment the profit is expected to be around +44.34% meaning that investing 100000 USD today may yield a profit of 44,336 USD by 2031.

Current Median Listing Price: 183,284 USD Median Listing Price Per Square Foot: 102 USD

Sheffield Lake Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Sheffield Lake (Ohio State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Sheffield Lake Price Target

Sheffield Lake median home price target in 12 months: $218,655* (upside of 19.3%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $201,543 $204,655 $201,543 $204,655
2024 $174,776 $183,284 $174,776 $183,284
2023 $165,810 $174,333 $165,798 $174,333
2022 $151,735 $166,435 $151,735 $167,193
2021 $137,254 $150,058 $137,254 $150,058
2020 $122,165 $134,997 $122,165 $134,997
2019 $116,701 $121,172 $116,701 $121,172
2018 $107,372 $115,606 $107,372 $115,606
2017 $97,391 $106,387 $97,391 $106,387
2016 $92,399 $96,717 $92,399 $96,717
2015 $86,063 $91,501 $86,063 $91,501
2014 $85,927 $85,494 $85,001 $86,532
2013 $84,484 $86,284 $84,484 $86,828
2012 $82,416 $83,877 $82,345 $83,877

Questions & Answers about the Sheffield Lake Housing Market Forecast

How much does an average home cost in Sheffield Lake today?

The value of an average home (the listing price) in Sheffield Lake is $183,284 USD.

What is the average price per square foot in Sheffield Lake?

According to Walletinvestor the median price per square foot in Sheffield Lake is 102 USD.

Will the median listing price of homes in Sheffield Lake grow / rise / go up?

Yes. The Sheffield Lake home prices may rise from 183,284 USD to 218,655 USD in one year.

Is it profitable to invest in Sheffield Lake homes?

Yes. The long-term profit potential is +19.30% in one year.

Will Sheffield Lake house prices fall / drop?

No. See above.

What is the predicted price of a Sheffield Lake home in 2030?

The predicted home sales price of a Sheffield Lake home in 2030 in Sheffield Lake is 253,195 USD.

What is the predicted price of a Sheffield Lake home in 2035?

The predicted home sales price of a Sheffield Lake home in 2035 in Sheffield Lake is 329,695 USD.

Will real estate prices decrease in Sheffield Lake?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Sheffield Lake is the 7544. largest city in the United States, located in Ohio State.

During the last 12 months the real estate prices in Lorain, Sheffield Lake decreased, looking at the past 12 months.

According to Walletinvestor's Sheffield Lake real estate market research, home values will increase in the next 12 months.

Median home values decreased by 9.656% to 183,284 USD, between 2025-03-04 and 2026-03-04

The average annual profit of property investment was:

  • 19.919% in 2021
  • 19.599% in 2022
  • 19.279% in 2023
  • 20.399% in 2024
  • 19.369% in 2025
  • 19.899% in 2026

Based on our Sheffield Lake real estate market research and report the predicted sales prices will increase by 483.923% in the next 10 years.

Over the last 12 months, the value of homes in Sheffield Lake fluctuated: increasing 4 times .

Sheffield Lake (Ohio) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2025
August 2025 206386 193797 218976
September 2025 208132 190024 226239
October 2025 209892 194570 225215
November 2025 211668 196851 226484
December 2025 212564 198322 226806
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2026
January 2026 211881 192812 230950
February 2026 211585 200371 222799
March 2026 211968 200098 223838
April 2026 213199 195930 230469
May 2026 215003 195222 234783
June 2026 216821 205113 228530
July 2026 218655 201600 235710
August 2026 220505 199116 241894
September 2026 222370 207471 237268
October 2026 224250 208777 239724
November 2026 226106 208243 243968
December 2026 227607 210081 245133
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2027
January 2027 228364 216261 240467
February 2027 228585 209613 247558
March 2027 228317 209595 247039
April 2027 227549 215034 240064
May 2027 226695 208786 244604
June 2027 226678 212171 241185
July 2027 227509 213631 241387
August 2027 228827 214182 243471
September 2027 230165 216815 243514
October 2027 231820 218838 244802
November 2027 233780 215546 252015
December 2027 235488 223007 247969
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2028
January 2028 236517 217832 255202
February 2028 237148 221021 253274
March 2028 237698 215355 260042
April 2028 238304 225436 251173
May 2028 238910 225770 252050
June 2028 239789 219167 260411
July 2028 241772 224848 258697
August 2028 243817 227725 259909
September 2028 245880 233586 258174
October 2028 247663 232556 262770
November 2028 248574 233163 263986
December 2028 248792 234611 262973
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2029
January 2029 248730 226593 270867
February 2029 248677 228037 269317
March 2029 248862 233433 264292
April 2029 249424 228472 270375
May 2029 251533 230405 272662
June 2029 252465 229491 275440
July 2029 253195 235977 270412
August 2029 253902 240699 267105
September 2029 254583 230907 278260
October 2029 254775 232864 276686
November 2029 255418 235496 275341
December 2029 257579 240321 274836
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2030
January 2030 259757 243652 275862
February 2030 261954 248071 275838
March 2030 264170 248848 279492
April 2030 265288 250963 279614
May 2030 264436 248570 280302
June 2030 264067 238981 289154
July 2030 264544 246291 282798
August 2030 266082 243465 288699
September 2030 268332 249549 287116
October 2030 270602 252201 289003
November 2030 272891 252697 293085
December 2030 275199 258412 291986
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2031
January 2031 277526 262818 292235
February 2031 279874 265041 294707
March 2031 282189 264129 300249
April 2031 284063 267303 300822
May 2031 285008 270757 299258
June 2031 285284 267311 303257
July 2031 284949 262153 307745
August 2031 283990 259851 308129
September 2031 282924 259442 306407
October 2031 282904 268758 297049
November 2031 283941 269744 298138
December 2031 285585 260739 310431
Sheffield Lake Housing Market Forecast with Real Estate Prices for 2032
January 2032 287255 265998 308512
February 2032 289321 273987 304655
March 2032 291768 270177 313358
April 2032 293898 269799 317998
May 2032 295183 280129 310237
June 2032 295970 271700 320239
July 2032 296658 272925 320390

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.