Lorain, OH Home Values & Market Trends
Real estate market trends reflect that there have been 1,524 transactions over the past year in Lorain. The median value for residential home transactions that occurred over the previous year is $128,857.39. The number of current listings in Lorain is 14, and the percentage of properties for sale in the city is 14.00%. Lorain, OH currently has 59 properties in foreclosure, 7 bank owned properties, 10 properties headed for auction, and 14 properties for sale.
Lorain, OH Real Estate Market Overview
Housing Market Summary for Lorain, OH
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $115K | $126.1K | 9.72% |
Median Sold Price | $122.1K | $126.1K | 3.31% |
Homes For Sale | 23 | 13 | -43.48% |
Homes Sold | 793 | 810 | 2.14% |
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, OH
Browse Homes in Lorain, OH
Lorain home values range from $12,986 to $6,056,077. The median estimated value of a home in Lorain is $128,857.39. The median list price of a home is 129,900, and the total count of properties in the city is 23,440.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Lorain, OH with 44052 containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Lorain, OH; of those zips, the estimated home value for pre-foreclosure homes ranges from $215,697 in 44052 to the lowest home value of $44,382 in 44055.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lorain, OH ranges from the highest value of $135,875 in 44053 to the lowest value of $58,292 in 44052. Bank owned homes and properties account for 0.03% of properties in Lorain, OH. There are 3 zips within Lorain, OH; 44055 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions44052 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lorain, OH. Auction homes and other auction properties account for 0.04% of all properties in Lorain, OH. There are 3 zips within Lorain, OH; of those zips, the median estimated home value for homes going to auction ranges from $195,250 in 44053 to the lowest value of $65,055 in 44053.
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Guide for Lorain, OH
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