From January through December of 2018, there were 743 homes sold, with a median sale price of $63,000 - a 6.8% increase over the $59,000 median sale price for the previous year. There were 1,006 homes sold in Lorain in 2017.
The median sales tax in Lorain for the most recent year with available data, 2015, was $1,291, approximately 2% of the median home sale price for 2018.
The following table compares Lorain to other Lorain County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brentwood Lake | 4 | 9 | -55.6% | $125,750 | $130,000 | -3.3% |
| Vermilion | 91 | 143 | -36.4% | $120,000 | $134,500 | -10.8% |
| Sheffield Lake | 133 | 171 | -22.2% | $107,900 | $90,000 | 19.9% |
| Elyria | 722 | 1,052 | -31.4% | $85,000 | $76,000 | 11.8% |
| Eaton Estates | 19 | 28 | -32.1% | $85,000 | $66,615 | 27.6% |
| Coonville | 4 | 8 | -50% | $81,000 | $39,000 | 107.7% |
| Penfield Junction | 10 | 12 | -16.7% | $73,500 | $47,500 | 54.7% |
| Pheasant Run | 21 | 38 | -44.7% | $66,000 | $94,750 | -30.3% |
| Lorain | 743 | 1,006 | -26.1% | $63,000 | $59,000 | 6.8% |
| Laporte | 1 | 4 | -75% | $56,000 | $94,500 | -40.7% |
| Vincent | 7 | 11 | -36.4% | $40,000 | $34,000 | 17.6% |
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