In August 2018, there were 101 homes sold, with a median sale price of $66,000 - a 18.8% increase over the $55,573 median sale price for the same period of the previous year. There were 104 homes sold in Lorain in August 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 August 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 16 | 19 | -15.8% | $130,000 | $142,000 | -8.5% |
| Vincent | 1 | 3 | -66.7% | $125,000 | $34,000 | 267.6% |
| Sheffield Lake | 19 | 15 | 26.7% | $120,000 | $99,000 | 21.2% |
| Brentwood Lake | 1 | 1 | 0% | $118,500 | $75,000 | 58% |
| Wellington | 15 | 13 | 15.4% | $115,000 | $114,000 | 0.9% |
| Eaton Estates | 8 | 2 | 300% | $106,500 | $73,240 | 45.4% |
| Coonville | 1 | 2 | -50% | $100,000 | $132,710 | -24.6% |
| Elyria | 123 | 114 | 7.9% | $83,000 | $97,932.50 | -15.2% |
| Penfield Junction | 1 | 1 | 0% | $69,000 | $20,000 | 245% |
| Lorain | 101 | 104 | -2.9% | $66,000 | $55,573 | 18.8% |
| Pheasant Run | 3 | 2 | 50% | $31,830 | $114,800 | -72.3% |
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