In December 2020, there were 21 homes sold, with a median sale price of $82,000 - a 36.7% increase over the $60,000 median sale price for the same period of the previous year. There were 91 homes sold in Lorain in December 2019.
The median sales tax in Lorain for the most recent year with available data, 2018, was $1,358, approximately 1.7% of the median home sale price for December 2020.
The following table compares Lorain to other Lorain County cities with similar median sale prices in December 2020:
| City | Dec. 2020 Home Sales | Dec. 2019 Home Sales | % change (Total Home Sales) | Dec. 2020 Median Sales Price | Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Columbia Station | 1 | 12 | -91.7% | $160,000 | $229,500 | -30.3% |
| North Ridgeville | 13 | 37 | -64.9% | $156,500 | $190,000 | -17.6% |
| Vermilion | 4 | 8 | -50% | $154,500 | $221,000 | -30.1% |
| Amherst | 4 | 21 | -81% | $150,000 | $163,000 | -8% |
| Eaton Estates | 1 | 5 | -80% | $148,000 | $85,500 | 73.1% |
| Wellington | 4 | 7 | -42.9% | $114,450 | $148,500 | -22.9% |
| South Amherst | 1 | 3 | -66.7% | $90,000 | $120,000 | -25% |
| Elyria | 25 | 75 | -66.7% | $88,106.92 | $89,900 | -2% |
| Sheffield Lake | 3 | 14 | -78.6% | $88,000 | $126,950 | -30.7% |
| Lorain | 21 | 91 | -76.9% | $82,000 | $60,000 | 36.7% |
| Oberlin | 4 | 10 | -60% | $47,700 | $120,000 | -60.3% |
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