In April, there were 131 homes sold, with a median sale price of $98,000 - a 35.2 percent increase over the $72,500 median sale price for the same period of the previous year. There were 143 homes sold in Lorain in April 2021.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.4 percent of the median home sale price for April.
The following table compares Lorain to other Lorain County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 13 | 20 | -35 | $212,000 | $202,500 | 4.7 |
| Wellington | 18 | 9 | 100 | $203,000 | $155,800 | 30.3 |
| LaGrange | 10 | 6 | 66.7 | $202,450 | $249,900 | -19 |
| Oberlin | 11 | 18 | -38.9 | $188,000 | $81,800 | 129.8 |
| Coonville | 2 | 0 | - | $185,000 | $0 | - |
| South Amherst | 1 | 3 | -66.7 | $180,000 | $161,010 | 11.8 |
| Eaton Estates | 3 | 3 | 0 | $177,000 | $129,500 | 36.7 |
| Sheffield Lake | 11 | 16 | -31.3 | $130,000 | $120,000 | 8.3 |
| Vincent | 1 | 1 | 0 | $100,000 | $132,500 | -24.5 |
| Lorain | 131 | 143 | -8.4 | $98,000 | $72,500 | 35.2 |
| Elyria | 63 | 82 | -23.2 | $98,000 | $114,500 | -14.4 |
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