Lorain County, OH Home Values & Market Trends
The median home price in Lorain County, OH is $218,467.23. There were 6,118 home sales in Lorain County, OH over the past 12 months. The median residential Lorain County, OH home value for transactions over the previous year is $144,242.743. The number of current listings in Lorain County, OH is 58, and the percentage of properties for sale is 58.00%. The county has 219 foreclosures, 20 bank owned properties, 54 headed for auction, and 58 properties for sale.
Lorain County, OH Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Lorain | $ 99,950 $ 75/sqft | Oberlin | $ 212,600 $ 84/sqft |
| Elyria | $ 168,000 $ 111/sqft | Amherst | $ 190,190 $ 146/sqft |
| North Ridgeville | $ 390,292 $ 147/sqft | Lagrange | $ 235,000 $ 180/sqft |
| Avon Lake | $ 212,442 $ 164/sqft | Grafton | $ 360,676 $ 123/sqft |
| Avon | $ 371,512 $ 187/sqft | Wellington | $ 141,346 $ 142/sqft |
| Columbia Station | $ 233,911 $ 127/sqft | Sheffield Lake | $ -- $ -- |
Housing Market Summary for Lorain County, OH
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $150K | $205.9K | 37.28% |
| Median Sold Price | $200.5K | $205.9K | 2.68% |
| Homes For Sale | 61 | 62 | 1.64% |
| Homes Sold | 3,561 | 3,653 | 2.58% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lorain County, OH
Browse Homes in Lorain County, OH
Lorain County, OH home values range from $12,986 to $9,585,370. Grafton is the priciest city with a median listing home price of $450,000, and Amherst is most affordable with average house prices of around $99,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Lorain County, OH with Lorain containing 38 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 12 cities within Lorain County, OH; of those cities, the estimated home value for pre-foreclosure homes ranges from $385,750 in Avon Lake to the lowest home value of $41,424 in Elyria.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lorain County, OH ranges from the highest value of $217,250 in Grafton to the lowest value of $58,292 in Lorain. Bank owned homes and properties account for 0.02% of properties in Lorain County, OH. There are 12 cities within Lorain County, OH; Lorain containing 9 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsElyria has 17 auction properties, the highest number of properties going to auction in a single city in the state of Lorain County, OH. Auction homes and other auction properties account for 0.05% of all properties in Lorain County, OH. There are 12 cities within Lorain County, OH; of those cities, the median estimated home value for homes going to auction ranges from $228,660 in Wellington to the lowest value of $62,290 in Wellington.
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More Real Estate Resources for Lorain County, OH
Guide for Lorain County, OH
Property values in Toledo’s real estate market fluctuated in recent months, recent trend data shows.
Columbus, Ohio, hosts a steadily growing and robust real estate market, characterized by increasing property values, a consistent number of sales, and diverse neighborhood options.
Cincinnati’s real estate market has showcased promising growth in 2023, marked by an increase in property values and prices per square foot.
