In May 2021, there were 100 homes sold, with a median sale price of $69,500 - a 25.8% increase over the $55,250 median sale price for the same period of the previous year. There were 82 homes sold in Lorain in May 2020.
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 May 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Amherst | 15 | 27 | -44.4% | $170,000 | $175,000 | -2.9% |
| Wellington | 12 | 10 | 20% | $160,250 | $130,500 | 22.8% |
| Sheffield Lake | 15 | 12 | 25% | $160,000 | $144,750 | 10.5% |
| Elyria | 79 | 73 | 8.2% | $121,500 | $98,000 | 24% |
| Pheasant Run | 1 | 0 | - | $116,000 | $0 | - |
| Eaton Estates | 2 | 2 | 0% | $110,000 | $107,500 | 2.3% |
| South Amherst | 6 | 7 | -14.3% | $99,000 | $159,900 | -38.1% |
| Sheffield | 3 | 1 | 200% | $80,000 | $270,000 | -70.4% |
| Lorain | 100 | 82 | 22% | $69,500 | $55,250 | 25.8% |
| Coonville | 1 | 5 | -80% | $66,213 | $85,000 | -22.1% |
| Penfield Junction | 1 | 1 | 0% | $49,203 | $35,500 | 38.6% |
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