The Downtown Lorain housing market is somewhat competitive. The median sale price of a home in Downtown Lorain was $93K last month, up 19.2% since last year. The median sale price per square foot in Downtown Lorain is $113, up 68.7% since last year.
What is the housing market like in Downtown Lorain today?
In March 2024, Downtown Lorain home prices were up 19.2% compared to last year, selling for a median price of $93K. On average, homes in Downtown Lorain sell after 35 days on the market compared to 29 days last year. There were 12 homes sold in March this year, down from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$93,000
+19.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Lorain, OH
$93,000
+19.2%
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 42 days.
0
100
49
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 5% below list price and go pending in around 42 days.
Hot homes
can sell for around list price and go pending in around 24 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.
Risk Factor
Flood Factor - Major
39% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Lorain has a major risk of flooding. 794 properties in Downtown Lorain are likely to be
severely affected
by flooding over the next 30 years. This represents 39% of all properties in Downtown Lorain. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Lorain has a minor risk of wildfire. There are 174 properties in Downtown Lorain that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in Downtown Lorain.
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.