The Downtown Lorain housing market is somewhat competitive. The median sale price of a home in Downtown Lorain was $98K last month, down 18.4% since last year. The median sale price per square foot in Downtown Lorain is $81, up 56.7% since last year.
What is the housing market like in Downtown Lorain today?
In May 2025, Downtown Lorain home prices were down 18.4% compared to last year, selling for a median price of $98K. On average, homes in Downtown Lorain sell after 70 days on the market compared to 43 days last year. There were 17 homes sold in May this year, down from 22 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$97,500
-18.4% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Downtown Lorain, OH
$97,500
-18.4%
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.
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How hot is the Downtown Lorain housing market?
Downtown Lorain is somewhat competitive. Homes sell in 66 days.
0
100
35
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 6% below list price and go pending in around 66 days.
Hot homes
can sell for around list price and go pending in around 21 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
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Lorain has a moderate risk of flooding. 622 properties in Downtown Lorain are likely to be
severely affected
by flooding over the next 30 years. This represents 33% 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.