In July 2018, there were 18 homes sold, with a median sale price of $68,000 - a 29% increase over the $52,700 median sale price for the same period of the previous year. There were 98 homes sold in Lorain in July 2017.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 1.9% of the median home sale price for July 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sheffield | 2 | 4 | -50% | $305,000 | $221,750 | 37.5% |
| Avon Lake | 4 | 50 | -92% | $257,500 | $203,000 | 26.8% |
| North Ridgeville | 8 | 69 | -88.4% | $224,799.50 | $185,000 | 21.5% |
| Amherst | 3 | 33 | -90.9% | $180,500 | $172,000 | 4.9% |
| Sheffield Lake | 5 | 12 | -58.3% | $133,000 | $113,500 | 17.2% |
| Oberlin | 3 | 14 | -78.6% | $126,000 | $136,000 | -7.4% |
| Grafton | 5 | 12 | -58.3% | $95,000 | $167,000 | -43.1% |
| Pheasant Run | 1 | 5 | -80% | $79,000 | $33,500 | 135.8% |
| Elyria | 11 | 105 | -89.5% | $70,000 | $76,400 | -8.4% |
| Lorain | 18 | 98 | -81.6% | $68,000 | $52,700 | 29% |
| Vincent | 1 | 1 | 0% | $40,000 | $69,678 | -42.6% |
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