In February 2018, there were 67 homes sold, with a median sale price of $38,500 - a 15.4% decrease over the $45,500 median sale price for the same period of the previous year. There were 55 homes sold in Lorain in February 2017.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 3.4% of the median home sale price for February 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in February 2018:
| City | Feb. 2018 Home Sales | Feb. 2017 Home Sales | % change (Total Home Sales) | Feb. 2018 Median Sales Price | Feb. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 2 | 7 | -71.4% | $182,500 | $166,500 | 9.6% |
| Grafton | 12 | 15 | -20% | $130,500 | $132,450 | -1.5% |
| Amherst | 7 | 12 | -41.7% | $130,000 | $131,500 | -1.1% |
| Wellington | 10 | 13 | -23.1% | $122,500 | $135,000 | -9.3% |
| Eaton Estates | 1 | 2 | -50% | $119,696 | $62,500 | 91.5% |
| Vermilion | 12 | 7 | 71.4% | $95,000 | $130,000 | -26.9% |
| South Amherst | 4 | 5 | -20% | $90,900 | $64,000 | 42% |
| Sheffield Lake | 13 | 7 | 85.7% | $87,000 | $89,900 | -3.2% |
| Elyria | 52 | 54 | -3.7% | $75,750 | $54,500 | 39% |
| Pheasant Run | 2 | 1 | 100% | $48,500 | $90,000 | -46.1% |
| Lorain | 67 | 55 | 21.8% | $38,500 | $45,500 | -15.4% |
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