In January 2017, there were 65 homes sold, with a median sale price of $59,000 - a 31.4% increase over the $44,900 median sale price for the same period of the previous year. There were 61 homes sold in Lorain in January 2016.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.2% of the median home sale price for January 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wellington | 9 | 8 | 12.5% | $130,000 | $111,500 | 16.6% |
| Sheffield | 8 | 1 | 700% | $124,650 | $90,000 | 38.5% |
| Pheasant Run | 2 | 3 | -33.3% | $89,300 | $13,000 | 586.9% |
| Elyria | 60 | 46 | 30.4% | $88,650 | $62,415 | 42% |
| Sheffield Lake | 19 | 5 | 280% | $77,000 | $83,000 | -7.2% |
| Penfield Junction | 1 | 0 | - | $67,000 | $0 | - |
| Vermilion | 6 | 5 | 20% | $64,160 | $106,000 | -39.5% |
| Lorain | 65 | 61 | 6.6% | $59,000 | $44,900 | 31.4% |
| Eaton Estates | 4 | 1 | 300% | $43,250 | $90,000 | -51.9% |
| Vincent | 1 | 2 | -50% | $40,000 | $37,500 | 6.7% |
| Coonville | 1 | 0 | - | $20,000 | $0 | - |
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