From January through June of 2019, there were 585 homes sold, with a median sale price of $62,500 - a 25% increase over the $50,000 median sale price for the same period of the previous year. There were 260 homes sold in Lorain in the first half of 2018.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2.1% of the median home sale price for the first half of 2019.
The following table compares Lorain to other Lorain County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Vermilion | 65 | 36 | 80.6% | $124,716 | $115,000 | 8.4% |
| Oberlin | 61 | 18 | 238.9% | $122,000 | $131,950 | -7.5% |
| Pheasant Run | 27 | 10 | 170% | $120,000 | $75,669.50 | 58.6% |
| Sheffield Lake | 100 | 42 | 138.1% | $104,500 | $88,200 | 18.5% |
| Penfield Junction | 4 | 7 | -42.9% | $90,500 | $78,000 | 16% |
| Elyria | 510 | 252 | 102.4% | $90,000 | $81,500 | 10.4% |
| Eaton Estates | 15 | 2 | 650% | $89,000 | $90,848 | -2% |
| South Amherst | 7 | 10 | -30% | $75,000 | $111,250 | -32.6% |
| Lorain | 585 | 260 | 125% | $62,500 | $50,000 | 25% |
| Laporte | 2 | 0 | - | $54,500 | $0 | - |
| Vincent | 5 | 2 | 150% | $28,000 | $62,500 | -55.2% |
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