In January 2018, there were 47 homes sold, with a median sale price of $49,000 - a 16.9% decrease over the $59,000 median sale price for the same period of the previous year. There were 65 homes sold in Lorain in January 2017.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.6% of the median home sale price for January 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in January 2018:
| City | Jan. 2018 Home Sales | Jan. 2017 Home Sales | % change (Total Home Sales) | Jan. 2018 Median Sales Price | Jan. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 8 | 7 | 14.3% | $130,000 | $145,000 | -10.3% |
| Sheffield Lake | 9 | 19 | -52.6% | $125,000 | $77,000 | 62.3% |
| Oberlin | 4 | 7 | -42.9% | $115,950 | $158,000 | -26.6% |
| Brentwood Lake | 1 | 0 | - | $111,500 | $0 | - |
| South Amherst | 1 | 0 | - | $110,000 | $0 | - |
| Sheffield | 4 | 8 | -50% | $102,299.50 | $124,650 | -17.9% |
| Pheasant Run | 2 | 2 | 0% | $102,000 | $89,300 | 14.2% |
| Vermilion | 13 | 6 | 116.7% | $87,900 | $64,160 | 37% |
| Elyria | 63 | 60 | 5% | $79,000 | $88,650 | -10.9% |
| Penfield Junction | 2 | 1 | 100% | $55,500 | $67,000 | -17.2% |
| Lorain | 47 | 65 | -27.7% | $49,000 | $59,000 | -16.9% |
Alerts Sign-up