In July 2021, there were 136 homes sold, with a median sale price of $90,500 - a 3.2% decrease over the $93,450 median sale price for the same period of the previous year. There were 116 homes sold in Lorain in July 2020.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.5% of the median home sale price for July 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Columbia Station | 10 | 8 | 25% | $189,350 | $322,549.50 | -41.3% |
| Amherst | 35 | 21 | 66.7% | $188,000 | $182,000 | 3.3% |
| Wellington | 15 | 8 | 87.5% | $185,000 | $147,500 | 25.4% |
| Sheffield Lake | 25 | 14 | 78.6% | $160,000 | $129,250 | 23.8% |
| Vermilion | 13 | 12 | 8.3% | $150,000 | $107,750 | 39.2% |
| South Amherst | 4 | 5 | -20% | $143,500 | $167,500 | -14.3% |
| Penfield Junction | 2 | 1 | 100% | $132,000 | $63,000 | 109.5% |
| Elyria | 127 | 84 | 51.2% | $125,000 | $114,000 | 9.6% |
| Pheasant Run | 5 | 5 | 0% | $115,000 | $148,500 | -22.6% |
| Lorain | 136 | 116 | 17.2% | $90,500 | $93,450 | -3.2% |
| Eaton Estates | 2 | 2 | 0% | $82,356.50 | $81,862 | 0.6% |
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