In June 2017, there were 99 homes sold, with a median sale price of $75,000 - a 22.5% increase over the $61,200 median sale price for the same period of the previous year. There were 27 homes sold in Lorain in June 2016.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 1.7% of the median home sale price for June 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pheasant Run | 4 | 2 | 100% | $122,720 | $73,000 | 68.1% |
| Sheffield | 6 | 3 | 100% | $122,150 | $90,650 | 34.7% |
| Eaton Estates | 2 | 3 | -33.3% | $97,500 | $60,000 | 62.5% |
| Laporte | 1 | 0 | - | $95,000 | $0 | - |
| Sheffield Lake | 17 | 5 | 240% | $90,000 | $112,000 | -19.6% |
| Elyria | 102 | 29 | 251.7% | $83,000 | $89,600 | -7.4% |
| Lorain | 99 | 27 | 266.7% | $75,000 | $61,200 | 22.5% |
| South Amherst | 2 | 1 | 100% | $52,450 | $118,000 | -55.6% |
| Vincent | 2 | 0 | - | $36,600 | $0 | - |
| Penfield Junction | 3 | 0 | - | $29,000 | $0 | - |
| Coonville | 1 | 0 | - | $28,000 | $0 | - |
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