In July 2019, there were 120 homes sold, with a median sale price of $58,000 - a 14.7% decrease over the $68,000 median sale price for the same period of the previous year. There were 18 homes sold in Lorain in July 2018.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 2.3% of the median home sale price for July 2019.
The following table compares Lorain to other Lorain County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 12 | 0 | - | $171,000 | $0 | - |
| Amherst | 39 | 3 | 1200% | $160,000 | $180,500 | -11.4% |
| Grafton | 16 | 5 | 220% | $157,250 | $95,000 | 65.5% |
| Sheffield Lake | 18 | 5 | 260% | $138,950 | $133,000 | 4.5% |
| Pheasant Run | 5 | 1 | 400% | $109,500 | $79,000 | 38.6% |
| South Amherst | 2 | 0 | - | $91,000 | $0 | - |
| Elyria | 97 | 11 | 781.8% | $90,000 | $70,000 | 28.6% |
| Eaton Estates | 3 | 0 | - | $89,900 | $0 | - |
| Lorain | 120 | 18 | 566.7% | $58,000 | $68,000 | -14.7% |
| Penfield Junction | 2 | 0 | - | $48,326 | $0 | - |
| Brentwood Lake | 1 | 0 | - | $18,000 | $0 | - |
Alerts Sign-up