Lorain County, OH Home Values & Market Trends

The median home price in Lorain County, OH is $216,177.55. There were 6,139 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 $143,869.361. The number of current listings in Lorain County, OH is 64, and the percentage of properties for sale is 64.00%. The county has 442 foreclosures, 18 bank owned properties, 51 headed for auction, and 64 properties for sale.

Lorain County, OH Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Elyria

$ 149,375

$ 115/sqft

Columbia Station

$ 212,582

$ 160/sqft

Lorain

$ 106,660

$ 90/sqft

Amherst

$ 349,900

$ 103/sqft

North Ridgeville

$ 389,431

$ 163/sqft

Lagrange

$ 194,450

$ 165/sqft

Avon Lake

$ 242,402

$ 163/sqft

Wellington

$ 142,229

$ 142/sqft

Avon

$ 252,087

$ 197/sqft

Grafton

$ --

$ --

Oberlin

$ 226,700

$ 100/sqft

Sheffield Lake

$ --

$ --

Housing Market Summary for Lorain County, OH

Mar 2023February 2024Change
Median Listing Price$189.8K$208.5K9.84%
Median Sold Price$199.8K$208.5K4.32%
Homes For Sale34967-80.80%
Homes Sold3,6823,9477.20%
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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%.

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Browse Homes in Lorain County, OH

Lorain County, OH home values range from $16,243 to $8,981,919. Avon is the priciest city with a median listing home price of $304,750, and Lorain is most affordable with average house prices of around $119,900.

Foreclosure
There are 12 cities within Lorain County, OH; within these cities, the median estimated home value for homes in foreclosure ranges from $545,628 in Lorain to the lowest value of $33,047 in Lorain. Foreclosure homes account for 0.00% of properties in Lorain County, OH with Lorain containing 131 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.34% of all residential properties in Lorain County, OH with Lorain containing 113 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 $603,323 in Columbia Station to the lowest home value of $33,047 in Lorain.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lorain County, OH ranges from the highest value of $118,815 in Columbia Station to the lowest value of $58,631 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 7 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Elyria has 18 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 $318,250 in Avon to the lowest value of $63,234 in Avon.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.06% of residential properties in Lorain County, OH with Elyria containing 18 homes for sale, the highest number of listed properties in a single city. There are 12 cities within Lorain County, OH; homes for sale in those cities, have a range of median values from $233,390 in Oberlin to the lowest value of $40,180 in Lorain.
    Sold Homes
    The median value for recently sold homes ranges from $798,341 in North Ridgeville to the lowest price of $19,916 in North Ridgeville. There are 12 cities within Lorain County, OH. Lorain has 829 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.52% of properties in Lorain County, OH.

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      Guide for Lorain County, OH

      Market Reports
      Toledo Real Estate Market Analysis March 2024
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      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports
      Cincinnati Real Estate Market Show Consistent Growth in 2023
      Home Buying Guides & Tips
      Ohio Foreclosure Laws
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      Toledo Real Estate Market Analysis March 2024
      Market Reports|posted 14 March 2024

      Property values in Toledo’s real estate market fluctuated in recent months, recent trend data shows.

      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports|posted 7 March 2024

      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 Real Estate Market Show Consistent Growth in 2023
      Market Reports|posted 28 February 2024

      Cincinnati’s real estate market has showcased promising growth in 2023, marked by an increase in property values and prices per square foot.

      Ohio Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Ohio Foreclosure Laws

      Recently Listed Homes Lorain County, OH

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