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Sunday, November 17, 2024

Elyria home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Elyria rose by $24,000 while total sales decreased by 13.4%, according to BlockShopper.com.

In July 2020, there were 84 homes sold, with a median sale price of $114,000 - a 26.7% increase over the $90,000 median sale price for the same period of the previous year. There were 97 homes sold in Elyria in July 2019.

The median sales tax in Elyria for the most recent year with available data, 2018, was $1,844, approximately 1.6% of the median home sale price for July 2020.

The following table compares Elyria to other Lorain County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Laporte10-$161,000$0-
Sheffield511-54.5%$159,000$224,000-29%
Pheasant Run550%$148,500$109,50035.6%
Wellington812-33.3%$147,500$171,000-13.7%
Sheffield Lake1418-22.2%$129,250$138,950-7%
Elyria8497-13.4%$114,000$90,00026.7%
Vermilion1213-7.7%$107,750$178,000-39.5%
Lorain116120-3.3%$93,450$58,00061.1%
Eaton Estates23-33.3%$81,862$89,900-8.9%
Vincent10-$69,500$0-
Penfield Junction12-50%$63,000$48,32630.4%

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