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
City | Median Est. Value | City | Median 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 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $189.8K | $208.5K | 9.84% |
Median Sold Price | $199.8K | $208.5K | 4.32% |
Homes For Sale | 349 | 67 | -80.80% |
Homes Sold | 3,682 | 3,947 | 7.20% |
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 $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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- AuctionsElyria 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.
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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.