Photo: WeaponizingArchitecture · CC BY-SA 4.0701 homes sold in Lorain in the last year, at a typical $164K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lorain homes are listed.
Every place Lorain homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lorain.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
3% of Lorain’s sales are condos, at $18K less than a house
606 houses and 24 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 606 sold in 12 months
- Per square foot
- $128OH $165
- Days to sell
- 32
- Sold over asking
- 39%
- Listings with a price cut
- 30%
typical sale · 24 sold in 12 months
- Per square foot
- $115OH $172
- Days to sell
- 70
- Sold over asking
- 4%
- Listings with a price cut
- 43%
Multi-family (2–4 units): 64 sold, typical $143K
Townhouses: 7 sold, typical $224K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
701 sales in the last year, against 1,016 in 2021 and a low of 524 in 2014. The typical sale went from $65K in 2016 to $164K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Lorain
Check a listing against what Lorain homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lorain are more common than before the pandemic, but 46% fewer homes come up for sale
We read every month of Lorain’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 701 sales.
If you’re buying in Lorain
- Shop in September. It brings about 80 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- You can negotiate. 28% of listings have cut their price, against 22% before the pandemic.
- Bid near asking. Buyers paid 98.2% of the list price on average; 36% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 35 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 93 a month), and the most competition: 38% close over asking. September and October offer nearly as much choice with fewer homes bid up (30%). February has the least competition (22%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Ohio
| Lorain now | 2017–19 | 2021 peak | OH now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 36% | 22% | 45% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 27% | 57% | 47% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | 22% | 18% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 95.8% | 99.5% | 98.5% |
| Days to sellMedian days from listing to contract | 35 | 61 | 32 | 43 |
148 homes for sale on a typical day
That’s 1.3 times the 2023 low (118), 46% fewer than in 2017–19 and well under 2012’s 471.
1 in 4 listings has cut its price
28% in the last year, against 22% in 2017–19 and 27% across Ohio. More sellers are pricing high and coming down.
Since 2019, houses are up 81%, condos 79%
A house typically sold for $168K in the last year (606 sales), a condo for $150K (24).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lorain ranks 90th of 305 busy Ohio markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lorain is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lorain home costs about $1,023 a month
Price: Lorain’s typical sale, last 12 months. Property tax at Lorain’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lorain is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 45.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $164K home, about $2,020 a year.
Taxes vs. neighborsSchools
The schools grade for Lorain, from test results, graduation and how much students grow.
Schools in LorainCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Amherst, Sheffield, Sheffield Lake, Vermilion and North Ridgeville for far more
The busier markets within 25 miles of Lorain, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lorain | 701 | $164K | $123 | 36% | 35 |
| Elyria | 627 | $188K | $142 | 37% | 28 |
| North Ridgeville | 575 | $354K | $186 | 44% | 22 |
| Amherst | 162 | $283K | $171 | 36% | 40 |
| Vermilion | 158 | $278K | $176 | 33% | 40 |
| Sheffield Lake | 102 | $226K | $159 | 33% | 29 |
| Sheffield | 41 | $353K | $177 | 29% | 32 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lorain, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lorain. People who follow the town see it, and so do people comparing Lorain with their own town. No commission, no listing fee.
Questions about buying a home in Lorain
What do homes sell for in Lorain, OH?
701 homes sold in the year to May 2026 at a typical $164K, $123 a square foot. Houses sold for about $168K, condos for about $150K.
Is Lorain a buyer’s or seller’s market?
A seller’s market: 131 homes were for sale in May 2026 and 49 sold, about 2.7 months of supply. Buyers paid 98.2% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Lorain?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lorain?
About 1.2% of a home’s value a year. On a $164K home that’s near $2,020.
Where can I see homes for sale in Lorain?
Zillow, Redfin, Realtor.com and Homes.com all carry Lorain’s MLS listings; the search links above open each one filtered to Lorain.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).