In July 2017, there were 98 homes sold, with a median sale price of $52,700 - a 18.8% decrease over the $64,900 median sale price for the same period of the previous year. There were 31 homes sold in Lorain in July 2016.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.4% of the median home sale price for July 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Vermilion | 15 | 12 | 25% | $148,900 | $130,000 | 14.5% |
| Oberlin | 14 | 4 | 250% | $136,000 | $127,450 | 6.7% |
| Brentwood Lake | 2 | 0 | - | $120,000 | $0 | - |
| Sheffield Lake | 12 | 10 | 20% | $113,500 | $88,500 | 28.2% |
| South Amherst | 5 | 0 | - | $109,900 | $0 | - |
| Elyria | 105 | 41 | 156.1% | $76,400 | $80,000 | -4.5% |
| Penfield Junction | 1 | 1 | 0% | $70,730 | $60,900 | 16.1% |
| Vincent | 1 | 0 | - | $69,678 | $0 | - |
| Eaton Estates | 2 | 1 | 100% | $62,450 | $41,100 | 51.9% |
| Lorain | 98 | 31 | 216.1% | $52,700 | $64,900 | -18.8% |
| Pheasant Run | 5 | 0 | - | $33,500 | $0 | - |
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