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Black River (Lorain) Homewood Lincoln Park Oakwood (Oakwood Park) Sheffield South Lorain Vincent

LORAIN, OH 44055

Real Estate Market Report  ·  Lorain County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 44055

Black River (Lorain) · Homewood · Lincoln Park · Oakwood (Oakwood Park) · Sheffield · South Lorain · Vincent

Market Analysis

Data as of July 2026. Source: Realtor.com.

The LORAIN, OH real estate market (44055) currently shows 48 active listings, with 20 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 37 days on market compared to 32 days last year.

The median listing price has risen 3.2% year-over-year, from $130,750 to $134,950.

Whether you are buying or selling in LORAIN, OH, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 19,775  ·  Density: 1,212.0/mi²  ·  Median household income: $37,706

Typical home value: $88,204  ·  Homeownership: 50.3%

Market Overview

Active Listings
48
⇩ 11.1% vs 54 last year
Pending
20
42% pending ratio
Median Price
$134,950
⇧ 3.2% vs $130,750 last year
Average Price
$135,639
⇧ 13.6% vs $119,403 last year
Days on Market
37
⇧ 15.6% vs 32 days last year

Price Per Square Foot

Median $/sqft
$102
⇧ 5.2% vs $97/sqft last year
Median Home Size
1,346 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 54 last year
  • Days on market: 37 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $134,950 (+3.2% YoY)
  • Average: $135,639 (+13.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.6 miles — 595 listings ($212,561,967 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44055Lorain, OH 440550.0 mi31$4,516,142$144,725$145,682
44054Sheffield Lake, OH 440543.0 mi29$8,681,527$246,950$299,363
44035Elyria, OH 440354.7 mi156$36,896,184$234,900$236,514
44039North Ridgeville, OH 440396.8 mi95$40,696,670$396,175$428,386
44001Amherst, OH 440017.9 mi50$16,305,100$313,600$326,102
44140Bay Village, OH 4414011.0 mi40$34,158,200$734,000$853,955
44074Oberlin, OH 4407411.3 mi27$9,491,283$365,000$351,529
44044Grafton, OH 4404412.4 mi17$8,964,576$417,450$527,328
44050Lagrange, OH 4405012.8 mi14$5,271,574$399,900$376,541
44126Cleveland, OH 4412614.6 mi41$13,734,057$295,175$334,977
44017Berea, OH 4401714.7 mi32$9,157,440$245,225$286,170
44142Brookpark, OH 4414216.2 mi22$5,248,408$234,894$238,564
44149Strongsville, OH 4414916.6 mi41$19,440,806$452,450$474,166

Frequently Asked Questions

How many homes are for sale in LORAIN, OH 44055?

As of July 2026, there are 48 active listings in LORAIN, OH (zip code 44055), compared to 54 the prior year.

What is the median home price in LORAIN, OH 44055?

The median listing price in LORAIN, OH 44055 is $134,950 as of July 2026, a 3.2% increase from $130,750 the prior year.

How long do homes stay on the market in LORAIN, OH?

Homes in LORAIN, OH 44055 spend an average of 37 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in LORAIN, OH 44055?

Based on current inventory and days-on-market data as of July 2026, LORAIN, OH 44055 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 37 days on market compared to 32 days last year.

How much can I save on real estate commission in LORAIN, OH?

With SELL123.com's maximum 3% commission, sellers in LORAIN, OH 44055 save an estimated $2,699 compared to a typical 5% commission on the median listing price of $134,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.