In December 2021, there were 131 homes sold, with a median sale price of $89,900 - a 15.7% increase over the $77,700 median sale price for the same period of the previous year. There were 126 homes sold in Lorain in December 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 December 2021.
The following table compares Lorain to other Lorain County cities with similar median sale prices in December 2021:
| City | Dec. 2021 Home Sales | Dec. 2020 Home Sales | % change (Total Home Sales) | Dec. 2021 Median Sales Price | Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Avon Lake | 38 | 45 | -15.6% | $169,450 | $237,500 | -28.7% |
| Columbia Station | 16 | 7 | 128.6% | $169,400 | $163,100 | 3.9% |
| Laporte | 1 | 0 | - | $155,000 | $0 | - |
| Wellington | 18 | 12 | 50% | $152,000 | $160,000 | -5% |
| Vincent | 1 | 3 | -66.7% | $152,000 | $72,000 | 111.1% |
| Coonville | 1 | 0 | - | $150,000 | $0 | - |
| Eaton Estates | 5 | 1 | 400% | $130,200 | $148,000 | -12% |
| Elyria | 119 | 114 | 4.4% | $130,000 | $106,500 | 22.1% |
| Pheasant Run | 3 | 5 | -40% | $129,000 | $185,000 | -30.3% |
| Vermilion | 11 | 14 | -21.4% | $112,000 | $155,000 | -27.7% |
| Lorain | 131 | 126 | 4% | $89,900 | $77,700 | 15.7% |
Alerts Sign-up