In April 2017, there were 76 homes sold, with a median sale price of $57,250 - a 8.4% decrease over the $62,500 median sale price for the same period of the previous year. There were 75 homes sold in Lorain in April 2016.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.3% of the median home sale price for April 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in April 2017:
| City | Apr. 2017 Home Sales | Apr. 2016 Home Sales | % change (Total Home Sales) | Apr. 2017 Median Sales Price | Apr. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 11 | 4 | 175% | $125,000 | $122,500 | 2% |
| Sheffield Lake | 13 | 13 | 0% | $115,000 | $72,000 | 59.7% |
| Columbia Station | 14 | 11 | 27.3% | $105,300 | $172,500 | -39% |
| Vermilion | 6 | 13 | -53.8% | $96,000 | $120,000 | -20% |
| Oberlin | 10 | 8 | 25% | $93,825 | $61,000 | 53.8% |
| Elyria | 70 | 70 | 0% | $82,750 | $87,450 | -5.4% |
| South Amherst | 3 | 2 | 50% | $65,089 | $104,250 | -37.6% |
| Lorain | 76 | 75 | 1.3% | $57,250 | $62,500 | -8.4% |
| Penfield Junction | 1 | 0 | - | $55,000 | $0 | - |
| Vincent | 2 | 0 | - | $31,599.50 | $0 | - |
| Eaton Estates | 1 | 2 | -50% | $22,000 | $66,000 | -66.7% |
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