In November 2018, there were 81 homes sold, with a median sale price of $66,000 - a 46.7% increase over the $45,000 median sale price for the same period of the previous year. There were 91 homes sold in Lorain in November 2017.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2% of the median home sale price for November 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in November 2018:
| City | Nov. 2018 Home Sales | Nov. 2017 Home Sales | % change (Total Home Sales) | Nov. 2018 Median Sales Price | Nov. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 11 | 20 | -45% | $166,000 | $211,250 | -21.4% |
| Wellington | 9 | 8 | 12.5% | $147,900 | $140,950 | 4.9% |
| Pheasant Run | 1 | 3 | -66.7% | $138,000 | $141,000 | -2.1% |
| Brentwood Lake | 1 | 1 | 0% | $133,000 | $189,900 | -30% |
| Sheffield Lake | 17 | 6 | 183.3% | $110,500 | $119,550 | -7.6% |
| Vermilion | 12 | 14 | -14.3% | $100,950 | $149,450 | -32.5% |
| South Amherst | 4 | 2 | 100% | $83,000 | $135,000 | -38.5% |
| Elyria | 85 | 89 | -4.5% | $82,350 | $79,000 | 4.2% |
| Lorain | 81 | 91 | -11% | $66,000 | $45,000 | 46.7% |
| Eaton Estates | 2 | 1 | 100% | $52,700 | $49,000 | 7.6% |
| Vincent | 1 | 1 | 0% | $35,250 | $25,000 | 41% |
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