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Lorain Times

Tuesday, April 30, 2024

Lorain County home prices rose in 2022

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The median sale price of a home sold in 2022 in Lorain County rose by $17,000 while total sales decreased by 11.6%.

From January through December of 2022, there were 5,043 homes sold, with a median sale price of $165,000 - an 11.5% increase over the $148,000 median sale price for the same period of the previous year. There were 5,707 homes sold in Lorain County in 2021.

The median sales tax in Lorain County for the most recent year with available data, 2018, was $2,316 approximately 1.4% of the median home sale price for 2022.

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

20212022$148000$148000$165000$165000

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