New - 1 hour on Rocket
$3,919 Closing Credit¹
Armando Galvez, Listing Office: RE/MAX Above & Beyond
Lorain County Housing Market Report December 2024•Lorain County, Ohio
Housing Prices in Lorain County, OH
How much do homes in Lorain County, OH cost?
Housing Market Conditions
Is Lorain County, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lorain County is a Seller's Market
Difference Since December 2023
Since last year, Lorain County has remained a Seller's Market.
Insight
Lorain County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$236,015$138/SqFt
+$20,964
+9.7%
Based on all homes sold in the last 12 months
Insight
Homes in Lorain County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Lorain County was $236,015 in December 2024, up 9.7% from last year, and the median price per square foot was $138.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Erie County | $189.2K | $226.3K | +19.6% |
| Lorain County | $215K | $236K | +9.7% |
| Cuyahoga County | $187.4K | $199.9K | +6.7% |
| Medina County | $309.9K | $324.9K | +4.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $78K | $95K | +21.8% |
| 22 Bedrooms | $174.9K | $184.3K | +5.4% |
| 33 Bedrooms | $194.6K | $214.2K | +10.1% |
| 44 Bedrooms | $310.9K | $319.6K | +2.8% |
| 55+ Bedrooms | $324K | $352.4K | +8.8% |
Summary: Lorain County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +21.8%. The home price for 2 bedroom homes increased by +5.4%. The home price for 3 bedroom homes increased by +10.1%. The home price for 4 bedroom homes increased by +2.8%. The home price for 5 bedroom homes increased by +8.8%.
Housing supply in Lorain County, OH
How many homes are available in Lorain County, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 828Last MonthDec 2024 | ||
| 9882 months agoNov 2024 | -16.2 % Change MoMNov – Dec |
Summary: The Lorain County real estate market had 828 homes for sale in Dec 2024, a 16.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 234Last MonthDec 2024 | ||
| 2892 months agoNov 2024 | -19.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 3 | 0.0% |
| 22 Bedrooms | 146 | 133 | -8.9% |
| 33 Bedrooms | 488 | 403 | -17.4% |
| 44 Bedrooms | 287 | 234 | -18.5% |
| 55+ Bedrooms | 64 | 55 | -14.1% |
Summary: Lorain County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -8.9%. The inventory for 3 bedroom homes decreased by -17.4%. The inventory for 4 bedroom homes decreased by -18.5%. The inventory for 5 bedroom homes decreased by -14.1%.
Asking Price vs. Sold Price
How much do homes in Lorain County, OH cost?
Over Asking Price74 Homes
At Asking Price45 Homes
Under Asking Price115 Homes
Insight
If you're buying a home in Lorain County, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.
Summary: A total of 234 homes were sold or pending in Lorain County in December 2024, down by 19.0% month-over-month. Of the 234 sold homes, 49% were sold under asking, 19% were sold at asking, and and 32% were sold over asking.
Days on Market for Lorain County, OH
How long does it take to sell a home in Lorain County, OH?
Breakdown of Home Sale Times
Under 30 Days113 Homes
30 – 90 Days98 Homes
Over 90 Days23 Homes
Insight
Many homes in Lorain County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 234 homes were sold in Lorain County; 48% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 39 DaysThis YearDec 2024 | ||
| 32 Days1 year agoDec 2023 | +19.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lorain County had an average listing age of 39 days in Dec 2024, up by 19.9% compared to the previous year.
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Newest Listings in Lorain County, OH
What homes are available in Lorain County, OH?
New - 3 hours on Rocket
$2,945 Closing Credit¹
Chad Schneider, Listing Office: Russell Real Estate Services
New - 7 hours on Rocket
$5,105 Closing Credit¹
Michael Atkinson, Listing Office: RE/MAX Real Estate Group
New - 7 hours on Rocket
$4,630 Closing Credit¹
Steve Junker, Listing Office: RE/MAX Above & Beyond
New - 18 hours on Rocket
$1,364 Closing Credit¹
John H Fitch, Listing Office: Market First Real Estate Services
New - 22 hours on Rocket
$1,839 Closing Credit¹
Courtney R Bownes, Listing Office: EXP Realty, LLC.
New - 23 hours on Rocket
$5,461 Closing Credit¹
Christy T Morek, Listing Office: Keller Williams Citywide
New - 1 day on Rocket
$3,747 Closing Credit¹
Corey Zucker, Listing Office: Keller Williams Citywide
New - 1 day on Rocket
$2,374 Closing Credit¹
Jodi L Burgett, Listing Office: Russell Real Estate Services
New - 1 day on Rocket
$3,432 Closing Credit¹
Taylor N Kaczur, Listing Office: Real of Ohio
New - 1 day on Rocket
$4,108 Closing Credit¹
Jacqueline Holt, Listing Office: Landlord Leasing, Inc.
New - 2 days on Rocket
$1,780 Closing Credit¹
Robert L Rogers, Listing Office: Keller Williams Greater Metropolitan
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MLS Disclaimers and Copyright
Based on information from MLS Now, Firelands MLS, and Columbus and Central Ohio Regional MLS for the period 01/01/2023 - 01/01/2025
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: 1/29/2025, 3:20:55 PM 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: 1/29/2025, 3:20:52 PM 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: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.