In February 2020, there were 70 homes sold, with a median sale price of $66,250 - a 27.4% increase over the $52,000 median sale price for the same period of the previous year. There were 91 homes sold in Lorain in February 2019.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 2% of the median home sale price for February 2020.
The following table compares Lorain to other Lorain County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sheffield Lake | 7 | 14 | -50% | $138,975 | $86,500 | 60.7% |
| Sheffield | 6 | 3 | 100% | $131,333 | $135,000 | -2.7% |
| Brentwood Lake | 1 | 0 | - | $128,750 | $0 | - |
| Eaton Estates | 1 | 4 | -75% | $120,000 | $101,500 | 18.2% |
| Wellington | 9 | 6 | 50% | $117,100 | $56,140 | 108.6% |
| Columbia Station | 5 | 6 | -16.7% | $100,000 | $195,000 | -48.7% |
| Penfield Junction | 1 | 0 | - | $91,000 | $0 | - |
| Elyria | 66 | 69 | -4.3% | $87,750 | $72,900 | 20.4% |
| Pheasant Run | 1 | 3 | -66.7% | $70,000 | $148,000 | -52.7% |
| Lorain | 70 | 91 | -23.1% | $66,250 | $52,000 | 27.4% |
| Coonville | 1 | 1 | 0% | $34,000 | $8,748 | 288.7% |
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