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Lorain Times

Sunday, November 24, 2024

December 2021: Grafton experienced a 33.1% drop in median home prices

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The median sale price of a home sold in December 2021 in Grafton fell by $84,500 while total sales decreased by 29.4%, according to BlockShopper.com.

In December 2021, there were 12 homes sold, with a median sale price of $170,500 - a 33.1% decrease over the $255,000 median sale price for the same period of the previous year. There were 17 homes sold in Grafton in December 2020.

The median sales tax in Grafton for the most recent year with available data, 2018, was $2,924, approximately 1.7% of the median home sale price for December 2021.

The following table compares Grafton to other Lorain County cities with similar median sale prices in December 2021:

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Avon2627-3.7%$238,500$370,000-35.5%
South Amherst4333.3%$217,450$90,000141.6%
Oberlin1012-16.7%$207,250$231,500-10.5%
Amherst291952.6%$185,500$195,000-4.9%
Sheffield Lake211190.9%$185,000$108,10071.1%
Grafton1217-29.4%$170,500$255,000-33.1%
Avon Lake3845-15.6%$169,450$237,500-28.7%
Columbia Station167128.6%$169,400$163,1003.9%
Laporte10-$155,000$0-
Wellington181250%$152,000$160,000-5%
Vincent13-66.7%$152,000$72,000111.1%

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