In March 2021, there were 41 homes sold, with a median sale price of $55,000 - a 18.3% decrease over the $67,350 median sale price for the same period of the previous year. There were 104 homes sold in Lorain in March 2020.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 2.5% of the median home sale price for March 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 4 | 4 | 0% | $317,000 | $157,500 | 101.3% |
| Vermilion | 3 | 11 | -72.7% | $263,000 | $154,000 | 70.8% |
| North Ridgeville | 11 | 49 | -77.6% | $229,900 | $190,000 | 21% |
| Oberlin | 4 | 12 | -66.7% | $228,750 | $151,500.50 | 51% |
| Laporte | 1 | 1 | 0% | $215,000 | $100,000 | 115% |
| Avon Lake | 6 | 41 | -85.4% | $197,500 | $245,000 | -19.4% |
| Amherst | 4 | 21 | -81% | $144,750 | $130,000 | 11.3% |
| Elyria | 19 | 90 | -78.9% | $89,900 | $102,600.50 | -12.4% |
| Sheffield Lake | 3 | 8 | -62.5% | $72,000 | $87,000 | -17.2% |
| Lorain | 41 | 104 | -60.6% | $55,000 | $67,350 | -18.3% |
| Penfield Junction | 1 | 0 | - | $10,000 | $0 | - |
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