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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
Seller's Market
March 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 March 2026. Source: Realtor.com.

The LORAIN, OH real estate market (44055) currently shows 34 active listings, with 22 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 48 days on market compared to 60 days last year.

The median listing price has risen 11.1% year-over-year, from $127,000 to $141,150.

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
34
⇩ 12.8% vs 39 last year
Pending
22
65% pending ratio
Median Price
$141,150
⇧ 11.1% vs $127,000 last year
Average Price
$149,632
⇧ 24.9% vs $119,843 last year
Days on Market
48
⇩ 20% vs 60 days last year

Price Per Square Foot

Median $/sqft
$113
⇧ 21.5% vs $93/sqft last year
Median Home Size
1,167 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 39 last year
  • Days on market: 48 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $141,150 (+11.1% YoY)
  • Average: $149,632 (+24.9% 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 March 2026, there are 34 active listings in LORAIN, OH (zip code 44055), compared to 39 the prior year.

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

The median listing price in LORAIN, OH 44055 is $141,150 as of March 2026, a 11.1% increase from $127,000 the prior year.

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

Homes in LORAIN, OH 44055 spend an average of 48 days on the market before going under contract, compared to 60 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 March 2026, LORAIN, OH 44055 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 48 days on market compared to 60 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 $2,823 compared to a typical 5% commission on the median listing price of $141,150. 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.