From January through June of 2021, there were 682 homes sold, with a median sale price of $74,700 - a 14.7% increase over the $65,141 median sale price for the same period of the previous year. There were 542 homes sold in Lorain in the first half of 2020.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.8% of the median home sale price for the first half of 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 65 | 56 | 16.1% | $150,000 | $162,500 | -7.7% |
| Sheffield Lake | 73 | 59 | 23.7% | $142,000 | $134,000 | 6% |
| South Amherst | 14 | 20 | -30% | $123,500 | $144,950 | -14.8% |
| Vermilion | 57 | 46 | 23.9% | $121,300 | $125,700 | -3.5% |
| Elyria | 467 | 489 | -4.5% | $115,000 | $95,500 | 20.4% |
| Eaton Estates | 11 | 9 | 22.2% | $105,000 | $118,900 | -11.7% |
| Pheasant Run | 22 | 9 | 144.4% | $96,700 | $70,000 | 38.1% |
| Coonville | 3 | 9 | -66.7% | $90,000 | $85,000 | 5.9% |
| Lorain | 682 | 542 | 25.8% | $74,700 | $65,140.50 | 14.7% |
| Vincent | 5 | 1 | 400% | $55,000 | $80,000 | -31.3% |
| Penfield Junction | 8 | 4 | 100% | $51,595.50 | $50,250 | 2.7% |
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