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Lorain, OH Real Estate & Property Data

Lorain Real Estate Market Trends

Last Updated: May 02, 2024

Accurate and comprehensive real estate data is critical for insight into Lorain, OH. ATTOM’s Lorain real estate data is updated daily, and current market trends show that in Lorain, OH a total of 1,361 residential properties have sold over the past year. With a median home price of $142,250 in Lorain and a total of 15 foreclosures. Get detailed property data for Lorain, OH instantly. ATTOM is your one-stop-shop for the Lorain property reports and real estate data you need in Lorain, OH.

Lorain Real Estate Market Trends

Get property data for any address in Lorain, OH or the country:

Total Residential Properties 23,832

Total Commercial Properties 3,161

Avg. Home Age (Single Family Home) 61 Years

Avg. Square Feet (Single Family Home) 1,435

Total 2024 Residential Sales (year-to-date) 303

% of Homes Seriously Underwater (Q2 2024) 1.53%

Total 2023 Residential Sales 1,239

% of Equity Rich Homes (Q2 2024) 32.75%

Effective 2023 Property Tax 1.07%

Total Foreclosure Filings (year-to-date) 48

Lorain, OH Real Estate Overview

There were 1,361 residential properties sold in the past year in Lorain, OH. The median home value in Lorain, OH is $129,603. There are a total of 23,832 residential properties in the Lorain.

Median Sales Price i

$142,250

(Mar 2024)

+5.4%

year-over-year

y-o-y

March '24 Mar '24 $142,250
February '24 Feb '24 $147,500
January '24 Jan '24 $134,000
December '23 Dec '23 $135,000
November '23 Nov '23 $144,000
October '23 Oct '23 $133,450
September '23 Sep '23 $146,950
August '23 Aug '23 $140,000
July '23 Jul '23 $130,000
June '23 Jun '23 $150,000
May '23 May '23 $147,050
April '23 Apr '23 $142,000

Median Down Payment i

$4,386

(Mar 2024)

-45.8%

year-over-year

y-o-y

March '24 Mar '24 $4,386
February '24 Feb '24 $6,143
January '24 Jan '24 $11,250
December '23 Dec '23 $10,271
November '23 Nov '23 $4,529
October '23 Oct '23 $5,174
September '23 Sep '23 $7,925
August '23 Aug '23 $4,500
July '23 Jul '23 $3,750
June '23 Jun '23 $4,806
May '23 May '23 $4,390
April '23 Apr '23 $4,500

Number of Homes Sold i

118

(Mar 2024)

+21.6%

year-over-year

y-o-y

March '24 Mar '24 118
February '24 Feb '24 84
January '24 Jan '24 101
December '23 Dec '23 91
November '23 Nov '23 98
October '23 Oct '23 104
September '23 Sep '23 105
August '23 Aug '23 123
July '23 Jul '23 124
June '23 Jun '23 116
May '23 May '23 100
April '23 Apr '23 100

Number of Purchase Loans i

67

(Mar 2024)

+4.7%

year-over-year

y-o-y

March '24 Mar '24 67
February '24 Feb '24 41
January '24 Jan '24 58
December '23 Dec '23 57
November '23 Nov '23 56
October '23 Oct '23 52
September '23 Sep '23 61
August '23 Aug '23 76
July '23 Jul '23 66
June '23 Jun '23 67
May '23 May '23 63
April '23 Apr '23 62

Number of REFI Loans i

51

(Mar 2024)

+41.7%

year-over-year

y-o-y

March '24 Mar '24 51
February '24 Feb '24 49
January '24 Jan '24 38
December '23 Dec '23 46
November '23 Nov '23 41
October '23 Oct '23 50
September '23 Sep '23 59
August '23 Aug '23 66
July '23 Jul '23 37
June '23 Jun '23 43
May '23 May '23 40
April '23 Apr '23 33

Number of HELOC Loans i

18

(Mar 2024)

year-over-year

y-o-y

March '24 Mar '24 18
February '24 Feb '24 20
January '24 Jan '24 17
December '23 Dec '23 13
November '23 Nov '23 10
October '23 Oct '23 18
September '23 Sep '23 20
August '23 Aug '23 20
July '23 Jul '23 17
June '23 Jun '23 23
May '23 May '23 27
April '23 Apr '23 23

Lorain, OH Real Estate Market Overview

Last 30 days

Zip
Median Est. Value
Zip
Median Est. Value
Zip
Median Est. Value

44052
$129,603 $90.29/sqft
44053
$214,646 $122.25/sqft
44055
$111,893 $90.66/sqft

Lorain, OH Foreclosure Activity

There were a total of 15 Lorain, OH properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i

15

(Mar 2024)

-21.1%

year-over-year

y-o-y

March '24 Mar '24 15
February '24 Feb '24 21
January '24 Jan '24 12
December '23 Dec '23 12
November '23 Nov '23 21
October '23 Oct '23 30
September '23 Sep '23 24
August '23 Aug '23 13
July '23 Jul '23 9
June '23 Jun '23 19
May '23 May '23 18
April '23 Apr '23 16

Foreclosure Starts i

11

(Mar 2024)

-35.3%

year-over-year

y-o-y

March '24 Mar '24 11
February '24 Feb '24 19
January '24 Jan '24 5
December '23 Dec '23 7
November '23 Nov '23 5
October '23 Oct '23 21
September '23 Sep '23 13
August '23 Aug '23 7
July '23 Jul '23 6
June '23 Jun '23 11
May '23 May '23 17
April '23 Apr '23 12

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 2
January '24 Jan '24 2
December '23 Dec '23 3
November '23 Nov '23 2
October '23 Oct '23 4
September '23 Sep '23 1
August '23 Aug '23 N/A
July '23 Jul '23 3
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 4

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