From January through December of 2021, there were 1,594 homes sold, with a median sale price of $83,250 - a 11.1% increase over the $74,900 median sale price for the previous year. There were 1,272 homes sold in Lorain in 2020.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.6% of the median home sale price for 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 169 | 121 | 39.7% | $169,900 | $172,500 | -1.5% |
| South Amherst | 33 | 44 | -25% | $150,000 | $137,500 | 9.1% |
| Vermilion | 153 | 130 | 17.7% | $148,900 | $140,000 | 6.4% |
| Sheffield Lake | 207 | 145 | 42.8% | $147,000 | $134,900 | 9% |
| Elyria | 1,187 | 1,063 | 11.7% | $123,000 | $108,765 | 13.1% |
| Eaton Estates | 30 | 22 | 36.4% | $115,000 | $120,000 | -4.2% |
| Pheasant Run | 47 | 35 | 34.3% | $105,000 | $132,000 | -20.5% |
| Coonville | 5 | 13 | -61.5% | $92,500 | $66,000 | 40.2% |
| Lorain | 1,594 | 1,272 | 25.3% | $83,250 | $74,900 | 11.1% |
| Penfield Junction | 14 | 13 | 7.7% | $64,590 | $76,900 | -16% |
| Vincent | 12 | 7 | 71.4% | $56,500 | $72,000 | -21.5% |
Alerts Sign-up