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Lorain Times

Tuesday, April 30, 2024

Lorain County home prices rose in the second half of 2022

Realestate4

The median sale price of a home sold in the second half of 2022 in Lorain County rose by $22,435 while total sales decreased by 22.2%.

From July through December of 2022, there were 2,530 homes sold, with a median sale price of $174,435 - a 14.8% increase over the $152,000 median sale price for the same period of the previous year. There were 3,250 homes sold in Lorain County in the second half of 2021.

The median sales tax in Lorain County for the most recent year with available data, 2018, was $2,316 approximately 1.3% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Lorain County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$152000$152000$158000$158000$174435$174435

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