The median sale price of a home sold in the second half of 2024 in Lorain County rose by $22,480, while total sales increased by 3%, according to BlockShopper.com.
From July through December of 2024, 2,107 homes were sold in the county, with a median sale price of $195,000. This is a 13% increase over the $172,520 median sale price during the same period in 2023, when there were 2,045 homes sold.
Based on the latest available data from 2021, the median sales tax in Lorain County was $2,536, which stands at 1.3% of the median home sale price for the second half of 2024.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Lorain County from July 2023 to December 2024.
