In May 2017, there were 91 homes sold, with a median sale price of $68,000 - a 6.8% increase over the $63,700 median sale price for the same period of the previous year. There were 52 homes sold in Lorain in May 2016.
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 May 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 17 | 8 | 112.5% | $122,000 | $112,500 | 8.4% |
| Vermilion | 18 | 9 | 100% | $96,850 | $222,750 | -56.5% |
| Laporte | 2 | 0 | - | $92,000 | $0 | - |
| South Amherst | 2 | 3 | -33.3% | $91,000.50 | $112,365 | -19% |
| Oberlin | 8 | 4 | 100% | $87,000 | $223,000 | -61% |
| Elyria | 101 | 73 | 38.4% | $79,000 | $89,000 | -11.2% |
| Sheffield Lake | 19 | 12 | 58.3% | $75,000 | $112,500 | -33.3% |
| Lorain | 91 | 52 | 75% | $68,000 | $63,700 | 6.8% |
| Pheasant Run | 6 | 2 | 200% | $67,300 | $90,750 | -25.8% |
| Eaton Estates | 5 | 3 | 66.7% | $40,101 | $68,000 | -41% |
| Vincent | 1 | 0 | - | $30,000 | $0 | - |
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