The South Lorain housing market is very competitive. The median sale price of a home in South Lorain was $130K last month, up 17.9% since last year. The median sale price per square foot in South Lorain is $106, up 39.5% since last year.
What is the housing market like in South Lorain today?
In March 2024, South Lorain home prices were up 17.9% compared to last year, selling for a median price of $130K. On average, homes in South Lorain sell after 21 days on the market compared to 29 days last year. There were 32 homes sold in March this year, up from 29 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$129,700
+17.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Lorain, OH
$129,700
+17.9%
United States
To compare other locations to the South 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 South Lorain housing market?
South Lorain is very competitive. Homes sell in 10 days.
0
100
77
Very 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 10 days.
Hot homes
can sell for about 5% above list price and go pending in around 2 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 South Lorain housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Lorain.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Lorain has a moderate risk of flooding. 622 properties in South Lorain are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in South Lorain. Flood risk is increasing faster than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Lorain has a moderate risk of wildfire. There are 3,403 properties in South Lorain that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in South Lorain.
South Lorain has minimal risk of severe winds over the next 30 years
Wind Factor
South 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.