9 hours on Rocket
$1,781 Closing Credit¹
#5130103, Kit Custer, Listing office: RE/MAX Transitions
Lorain Housing Market Report May 2025•Lorain County, Ohio
Housing Prices in Lorain, OH
How much do homes in Lorain, OH cost?
Housing Market Conditions
Is Lorain, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lorain is a Seller's Market
Difference Since May 2024
Since last year, Lorain has remained a Seller's Market.
Insight
Lorain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$150,000$106/SqFt
+$10,088
+7.2%
Based on all homes sold in the last 12 months
Insight
Homes in Lorain have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Lorain was $150,000 in May 2025, up 7.2% from last year, and the median price per square foot was $106.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Lorain | $139.9K | $150K | +7.2% |
| Sheffield Township | $142.5K | $147.5K | +3.5% |
| Amherst Township | $265K | $269.3K | +1.6% |
| Amherst | $273K | $270K | -1.1% |
| Sheffield | $380K | $310K | -18.4% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $74.9K | $76.7K | +2.5% |
| 22 Bedrooms | $117.5K | $120.5K | +2.6% |
| 33 Bedrooms | $141.8K | $155K | +9.3% |
| 44 Bedrooms | $143K | $156.5K | +9.4% |
| 55+ Bedrooms | $140K | $161.2K | +15.2% |
Summary: Lorain housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.5%. The home price for 2 bedroom homes increased by +2.6%. The home price for 3 bedroom homes increased by +9.3%. The home price for 4 bedroom homes increased by +9.4%. The home price for 5 bedroom homes increased by +15.2%.
How does Lorain, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lorain, OH
Housing supply in Lorain, OH
How many homes are available in Lorain, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 282Last MonthMay 2025 | ||
| 2522 months agoApr 2025 | +11.9 % Change MoMApr – May |
Summary: The Lorain real estate market had 282 homes for sale in May 2025, a 11.9 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 73Last MonthMay 2025 | ||
| 662 months agoApr 2025 | +10.6 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 49 | 49 | 0.0% |
| 33 Bedrooms | 123 | 144 | +17.1% |
| 44 Bedrooms | 57 | 64 | +12.3% |
| 55+ Bedrooms | 22 | 24 | +9.1% |
Summary: Lorain housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +17.1%. The inventory for 4 bedroom homes increased by +12.3%. The inventory for 5 bedroom homes increased by +9.1%.
Asking Price vs. Sold Price
How much do homes in Lorain, OH cost?
Over Asking Price30 Homes
At Asking Price14 Homes
Under Asking Price29 Homes
Insight
If you're buying a home in Lorain, you could pay more than the asking price. 41.1% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Lorain in May 2025, up by 10.6% month-over-month. Of the 73 sold homes, 40% were sold under asking, 19% were sold at asking, and and 41% were sold over asking.
Days on Market for Lorain, OH
How long does it take to sell a home in Lorain, OH?
Breakdown of Home Sale Times
Under 30 Days39 Homes
30 – 90 Days23 Homes
Over 90 Days11 Homes
Insight
Many homes in Lorain are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 73 homes were sold in Lorain; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 51 DaysThis YearMay 2025 | ||
| 40 Days1 year agoMay 2024 | +27.6 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Lorain had an average listing age of 51 days in May 2025, up by 27.6% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Lorain, OH
What homes are available in Lorain, OH?
14 hours on Rocket
$1,959 Closing Credit¹
#5130164, Michael A Ferrante, Listing office: Century 21 Homestar
16 hours on Rocket
#5129967, Sam Ohler, Listing office: RE/MAX Transitions
1 day on Rocket
$2,908 Closing Credit¹
#5129772, Anthony J Mendez, Listing office: House to Home Real Estate Professionals, LLC.
2 days on Rocket
$1,158 Closing Credit¹
#5125621, Terra O'Brien, Listing office: Burgan Real Estate
3 days on Rocket
$1,841 Closing Credit¹
#5129567, Jessica Allgood, Listing office: Keller Williams Citywide
4 days on RocketBackup offers
$1,176 Closing Credit¹
#5118581, Noureddine Chehade, Listing office: EXP Realty, LLC.
4 days on Rocket
$1,781 Closing Credit¹
#5118845, Noureddine Chehade, Listing office: EXP Realty, LLC.
4 days on Rocket
$2,019 Closing Credit¹
#5128914, Jacqueline A Jakacki, Listing office: RE/MAX Above & Beyond
4 days on Rocket
$1,603 Closing Credit¹
#5129339, Michael Azzam, Listing office: RE/MAX Haven Realty
4 days on Rocket
$2,136 Closing Credit¹
#5129329, Tim Debronsky, Listing office: Realty Trust Services, LLC
4 days on Rocket
$3,088 Closing Credit¹
#5129108, Gabrielle Crabtree, Listing office: Russell Real Estate Services
Popular Cities with Homes for Sale in Ohio
- Homes for sale in Akron, OH
- Homes for sale in Beavercreek, OH
- Homes for sale in Brunswick, OH
- Homes for sale in Canton, OH
- Homes for sale in Cincinnati, OH
- Homes for sale in Cleveland, OH
- Homes for sale in Columbus, OH
- Homes for sale in Dayton, OH
- Homes for sale in Dublin, OH
- Homes for sale in Findlay, OH
- Homes for sale in Hudson, OH
- Homes for sale in Lancaster, OH
- Homes for sale in Mason, OH
- Homes for sale in Medina, OH
- Homes for sale in Mentor, OH
- Homes for sale in Newark, OH
- Homes for sale in Parma, OH
- Homes for sale in Strongsville, OH
- Homes for sale in Toledo, OH
- Homes for sale in West Chester, OH
- Homes for sale in Westerville, OH
MLS Disclaimers and Copyright
Based on information from MLS Now, Columbus and Central Ohio Regional MLS, and Firelands MLS for the period 06/01/2023 - 06/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 12:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable, but Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Firelands MLS, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Firelands Multiple Listing Service. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.