In June 2020, there were 125 homes sold, with a median sale price of $69,500 - a 6.9% increase over the $65,000 median sale price for the same period of the previous year. There were 107 homes sold in Lorain in June 2019.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 2% of the median home sale price for June 2020.
The following table compares Lorain to other Lorain County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 9 | 14 | -35.7% | $215,000 | $152,000 | 41.4% |
| North Ridgeville | 50 | 81 | -38.3% | $214,750 | $191,000 | 12.4% |
| Pheasant Run | 1 | 6 | -83.3% | $179,000 | $124,950 | 43.3% |
| Oberlin | 9 | 13 | -30.8% | $170,000 | $190,000 | -10.5% |
| Laporte | 1 | 0 | - | $145,000 | $0 | - |
| LaGrange | 3 | 11 | -72.7% | $136,000 | $255,500 | -46.8% |
| Sheffield Lake | 14 | 17 | -17.6% | $131,975 | $97,900 | 34.8% |
| South Amherst | 1 | 2 | -50% | $120,000 | $265,950 | -54.9% |
| Elyria | 87 | 93 | -6.5% | $118,000 | $105,000 | 12.4% |
| Lorain | 125 | 107 | 16.8% | $69,500 | $65,000 | 6.9% |
| Penfield Junction | 1 | 1 | 0% | $10,000 | $104,000 | -90.4% |
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