Lorain, OH Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Lorain, OH is $165,000, up 17.9% year-over-year. Homes sell in an average of 71 days with 131 active listings. The market is currently a balanced market.
$165,000median sale price
Is Lorain a buyer's or seller's market?
Lorain, OH is currently a balanced market, based on 3.7 months of supply and homes selling in about 71 days. How we determine this →
Homes sold
35
Last 12 weeks
Days on market
71
Average pace
Active listings
131
3.7 months supply
Sale-to-list
97.0%
Below asking
Lorain, OH market data
| Metric | Value |
|---|---|
| Median sale price | $165,000 |
| Median list price | $166,500 |
| Year-over-year price change | +17.9% |
| Average days on market | 71 days |
| Active inventory | 131 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 97.0% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Lorain housing market is currently classified as a balanced market with a median sale price of $165,000. Prices have risen 17.9% compared to last year, with homes spending an average of 71 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lorain
There are currently 131 homes listed for sale in Lorain, Ohio. The median listing price is $167K.
Active listings
131
Homes on market
Median list price
$167K
Avg. days on market
71
Days until sale
New this week
44
Newly listed
Top public schools in Lorain
26 schools tracked · 9,318 students
The largest public schools serving Lorain, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lorain High School
Grades 9-12 · 1,784 students
Horizon Science Academy Lorain
Grades K-12 · 815 students
Vincent Elementary School
Grades K-4 · 479 students
Lorain Preparatory Academy
Grades K-8 · 457 students
Larkmoor Elementary School
Grades PK-5 · 450 students
Durling Middle School
Grades 5-8 · 447 students
General Johnnie Wilson Middle School
Grades 6-8 · 446 students
Southview Middle School
Grades 6-8 · 418 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in OH
Frequently asked questions
What is the average home price in Lorain?
The median home sale price in Lorain is $165,000, up 17.9% from last year.
How long do homes stay on market in Lorain?
Homes typically spend 71 days on market before going under contract.
Is Lorain a buyer's or seller's market?
With 3.7 months of supply, Lorain is currently a balanced market.
Pre-launch · for real estate professionals
Reserve a slot on this page
Get your brokerage in front of buyers actively shopping this city on the Lorain, OH market page when featured listings launch in the next 1-2 weeks. One brokerage slot per page, billed monthly once live.
$100 / month
Reserve slotGet Lorain market alerts
Weekly updates on prices, inventory, and trends. Free forever.