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Sunday, November 17, 2024

Median home prices in Elyria rose to $125,000 in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Elyria rose by $11,000 while total sales increased by 10.5%, according to BlockShopper.com.

From April through June of 2021, there were 262 homes sold, with a median sale price of $125,000 - a 9.6% increase over the $114,000 median sale price for the same period of the previous year. There were 237 homes sold in Elyria in the second quarter of 2020.

The median sales tax in Elyria for the most recent year with available data, 2018, was $1,844, approximately 1.5% of the median home sale price for the second quarter of 2021.

The following table compares Elyria to other Lorain County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Brentwood Lake10-$173,000$0-
Amherst5367-20.9%$167,500$185,000-9.5%
Wellington30287.1%$156,650$180,000-13%
Sheffield Lake403611.1%$143,500$142,5000.7%
Vincent110%$132,500$80,00065.6%
Elyria26223710.5%$125,000$114,0009.6%
Vermilion302142.9%$122,500$126,400-3.1%
Eaton Estates7616.7%$120,000$120,200-0.2%
Pheasant Run104150%$110,500$76,45044.5%
South Amherst1012-16.7%$103,500$162,022.50-36.1%
Lorain36127630.8%$78,900$68,72514.8%

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