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Lorain Times

Tuesday, April 30, 2024

Lorain County home prices rose in Q1

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The median sale price of a home sold in the first quarter of 2023 in Lorain County rose by $128,750 while total sales decreased by 99.8%.

From January through March of 2023, there were two homes sold, with a median sale price of $274,000 - an 88.6% increase over the $145,250 median sale price for the same period of the previous year. There were 1,122 homes sold in Lorain County in the first quarter of 2022.

The median sales tax in Lorain County for the most recent year with available data, 2018, was $2,316 approximately 0.8% of the median home sale price for the first quarter of 2023.

The following histogram displays changes in median sales prices in Lorain County from January 2022 to March 2023.

Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023$145250$145250$165000$165000$180000$180000$160000$160000$274000$274000

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