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Featured local agent — Lorain, PA
Sarah Mitchell
Compass Real Estate · Lorain, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lorain, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$54,250median sale price
How is the Lorain, PA housing market right now?
The median home sale price in Lorain, PA is $54,250, down 22.4% year-over-year. Homes sell in an average of 57 days with 1 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lorain a buyer's or seller's market?
Lorain, PA is currently a balanced market, based on 1.0 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
57
Average pace
Active listings
1
1.0 months supply
Sale-to-list
94.3%
Below asking
What does the Lorain housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $54,250 |
| Year-over-year price change | -22.4% |
| Average days on market | 57 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 94.3% |
| Median price per sq ft | $46/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lorain by property type?
How the Lorain, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $54,250 | $46/sq ft | 1 | 57 days |
Source: Redfin · Updated monthly
The Lorain housing market is currently classified as a balanced market with a median sale price of $54,250. Prices have fallen 22.4% compared to last year, with homes spending an average of 57 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lorain
There are currently 1 homes listed for sale in Lorain, Pennsylvania.
Active listings
1
Homes on market
Avg. days on market
57
Days until sale
Who lives in Lorain?
Population
509
Median income
$52,727/yr
Median age
44.8 years
Owner-occupied
83.3%
College grads
11.6%
Avg commute
15 min
Source: U.S. Census Bureau ACS
What is it like to live in Lorain?
Lorain is a community of approximately 1K residents with a median age of 44.8 years.The median household income is $52,727, which represents a working-class community with solid middle-income opportunities. 11.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 15 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lorain offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lorain, PA?
Want a head-to-head view? Compare Lorain side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lorain?
The median home sale price in Lorain is $54,250, down 22.4% from last year.
How long do homes stay on market in Lorain?
Homes typically spend 57 days on market before going under contract.
What is the median income in Lorain?
The median household income is $52,727 per year.
Is Lorain a buyer's or seller's market?
With 1.0 months of supply, Lorain is currently a balanced market.
How much does a single-family home cost in Lorain?
The median single-family home price in Lorain, PA is $54,250 (about $46 per square foot).
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