From January through December of 2017, there were 1,006 homes sold, with a median sale price of $59,000 - a 3.5% increase over the $57,000 median sale price for the previous year. There were 610 homes sold in Lorain in 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 2017.
The following table compares Lorain to other Lorain County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oberlin | 133 | 70 | 90% | $123,500 | $104,375 | 18.3% |
| Pheasant Run | 38 | 15 | 153.3% | $94,750 | $53,000 | 78.8% |
| Laporte | 4 | 4 | 0% | $94,500 | $105,950 | -10.8% |
| Sheffield Lake | 171 | 101 | 69.3% | $90,000 | $86,500 | 4% |
| South Amherst | 31 | 20 | 55% | $90,000 | $97,000 | -7.2% |
| Elyria | 1,052 | 580 | 81.4% | $76,000 | $76,000 | 0% |
| Eaton Estates | 28 | 24 | 16.7% | $66,615 | $62,500 | 6.6% |
| Lorain | 1,006 | 610 | 64.9% | $59,000 | $57,000 | 3.5% |
| Penfield Junction | 12 | 9 | 33.3% | $47,500 | $53,000 | -10.4% |
| Coonville | 8 | 2 | 300% | $39,000 | $68,378.50 | -43% |
| Vincent | 11 | 6 | 83.3% | $34,000 | $44,330 | -23.3% |
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