In April 2019, there were 126 homes sold, with a median sale price of $62,201 - a 22.6% decrease over the $80,400 median sale price for the same period of the previous year. There were 44 homes sold in Lorain in April 2018.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.1% of the median home sale price for April 2019.
The following table compares Lorain to other Lorain County cities with similar median sales prices in April 2019:
| City | Apr. 2019 Home Sales | Apr. 2018 Home Sales | % change (Total Home Sales) | Apr. 2019 Median Sales Price | Apr. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Coonville | 1 | 0 | - | $130,000 | $0 | - |
| Wellington | 9 | 4 | 125% | $129,900 | $169,500 | -23.4% |
| Sheffield Lake | 27 | 4 | 575% | $124,900 | $92,449.50 | 35.1% |
| Elyria | 79 | 43 | 83.7% | $94,500 | $81,000 | 16.7% |
| Vermilion | 14 | 7 | 100% | $94,500 | $132,000 | -28.4% |
| Pheasant Run | 6 | 2 | 200% | $93,750 | $110,669.50 | -15.3% |
| Penfield Junction | 2 | 0 | - | $76,000 | $0 | - |
| Eaton Estates | 2 | 0 | - | $65,020 | $0 | - |
| Laporte | 1 | 0 | - | $64,000 | $0 | - |
| Lorain | 126 | 44 | 186.4% | $62,200.50 | $80,400 | -22.6% |
| South Amherst | 1 | 2 | -50% | $40,000 | $147,500 | -72.9% |
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