The Lake Erie Shores housing market is somewhat competitive. The median sale price of a home in Lake Erie Shores was $340K last month, up 11.7% since last year. The median sale price per square foot in Lake Erie Shores is $122, down 29.1% since last year.
What is the housing market like in Lake Erie Shores today?
In February 2025, Lake Erie Shores home prices were up 11.7% compared to last year, selling for a median price of $340K. On average, homes in Lake Erie Shores sell after 105 days on the market compared to 44 days last year. There were 5 homes sold in February this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$340,000
+11.7% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lake Erie Shores, OH
$340,000
+11.7%
United States
To compare other locations to the Lake Erie Shores and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Painesville add value to a home.
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How hot is the Lake Erie Shores housing market?
Lake Erie Shores is somewhat competitive. Homes sell in 17 days.
0
100
68
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 17 days.
Hot homes
can sell for about 5% above list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.6%
-3.1 pt YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lake Erie Shores, OH
98.6%
-3.1 pt
United States
View houses in Lake Erie Shores that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Erie Shores housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Erie Shores.
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Erie Shores has a minor risk of flooding. 63 properties in Lake Erie Shores are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Lake Erie Shores. Flood risk is increasing slower than the national average.
Lake Erie Shores has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Erie Shores has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
91% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Lake Erie Shores has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 91% of homes in Lake Erie Shores have a Moderate Heat Factor®.
Lake Erie Shores is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Lake Erie Shores is expected to experience 6