The Downtown Lorain housing market is somewhat competitive. The median sale price of a home in Downtown Lorain was $139K last month, up 23.7% since last year. The median sale price per square foot in Downtown Lorain is $68, up 40.2% since last year.
What is the housing market like in Downtown Lorain today?
In October 2024, Downtown Lorain home prices were up 23.7% compared to last year, selling for a median price of $139K. On average, homes in Downtown Lorain sell after 70 days on the market compared to 50 days last year. There were 18 homes sold in October this year, down from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$138,500
+23.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Downtown Lorain, OH
$138,500
+23.7%
United States
To compare other locations to the Downtown Lorain and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lorain add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Lorain
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Downtown Lorain housing market?
Downtown Lorain is somewhat competitive. Homes sell in 49 days.
0
100
56
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 49 days.
Hot homes
can sell for about 3% above list price and go pending in around 23 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Lorain housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Lorain.
Flood Factor - Moderate
34% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Lorain has a moderate risk of flooding. 644 properties in Downtown Lorain are likely to be
severely affected
by flooding over the next 30 years. This represents 34% of all properties in Downtown Lorain. Flood risk is increasing slower than the national average.
Downtown Lorain has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Lorain has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.