Adobe Stock
Adobe Stock
From January through December of 2020, there were 858 homes sold, with a median sale price of $70,000 - a 9.4% increase over the $64,000 median sale price for the previous year. There were 1,191 homes sold in Lorain in 2019.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.9% of the median home sale price for 2020.
The following table compares Lorain to other Lorain County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sheffield Lake | 97 | 204 | -52.5% | $134,000 | $113,000 | 18.6% |
| South Amherst | 33 | 26 | 26.9% | $130,000 | $117,750 | 10.4% |
| Vermilion | 88 | 133 | -33.8% | $125,700 | $148,000 | -15.1% |
| Eaton Estates | 14 | 30 | -53.3% | $119,450 | $88,450 | 35% |
| Brentwood Lake | 6 | 16 | -62.5% | $114,375 | $130,500 | -12.4% |
| Pheasant Run | 16 | 54 | -70.4% | $111,500 | $111,000 | 0.5% |
| Elyria | 739 | 1,060 | -30.3% | $104,000 | $90,787.50 | 14.6% |
| Vincent | 2 | 9 | -77.8% | $74,750 | $28,000 | 167% |
| Lorain | 858 | 1,191 | -28% | $70,000 | $64,000 | 9.4% |
| Coonville | 11 | 6 | 83.3% | $66,000 | $94,550 | -30.2% |
| Penfield Junction | 7 | 8 | -12.5% | $65,000 | $90,500 | -28.2% |
Alerts Sign-up