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

LORAIN, OH 44055

Real Estate Market Report
Balanced Market
February 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 February 2026. Source: Realtor.com.

The LORAIN, OH real estate market (44055) currently shows 31 active listings, with 13 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 45 days last year.

The median listing price has risen 22.9% year-over-year, from $117,725 to $144,725.

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
31
⇩ 34% vs 47 last year
Pending
13
42% pending ratio
Median Price
$144,725
⇧ 22.9% vs $117,725 last year
Average Price
$145,682
⇧ 28.3% vs $113,589 last year
Days on Market
47
⇧ 4.4% vs 45 days last year

Price Per Square Foot

Median $/sqft
$106
⇧ 19.1% vs $89/sqft last year
Median Home Size
1,215 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 47 last year
  • Days on market: 47 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $144,725 (+22.9% YoY)
  • Average: $145,682 (+28.3% 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 — 561 listings ($194,879,344 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44055Lorain, OH 440550.0 mi32$4,800,352$144,500$150,011
44054Sheffield Lake, OH 440543.0 mi35$11,561,900$253,950$330,340
44035Elyria, OH 440354.7 mi156$35,926,800$225,000$230,300
44039North Ridgeville, OH 440396.8 mi83$35,435,522$385,000$426,934
44001Amherst, OH 440017.9 mi49$15,977,724$310,000$326,076
44140Bay Village, OH 4414011.0 mi36$30,792,528$537,500$855,348
44074Oberlin, OH 4407411.3 mi26$8,844,498$347,400$340,173
44044Grafton, OH 4404412.4 mi16$7,886,112$399,900$492,882
44050Lagrange, OH 4405012.8 mi18$6,732,360$399,900$374,020
44126Cleveland, OH 4412614.6 mi36$12,070,008$299,900$335,278
44017Berea, OH 4401714.7 mi23$6,276,677$263,000$272,899
44142Brookpark, OH 4414216.2 mi17$4,076,719$234,900$239,807
44149Strongsville, OH 4414916.6 mi34$14,498,144$394,900$426,416

Frequently Asked Questions

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

As of February 2026, there are 31 active listings in LORAIN, OH (zip code 44055), compared to 47 the prior year.

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

The median listing price in LORAIN, OH 44055 is $144,725 as of February 2026, a 22.9% increase from $117,725 the prior year.

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

Homes in LORAIN, OH 44055 spend an average of 47 days on the market before going under contract, compared to 45 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 February 2026, LORAIN, OH 44055 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 45 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 $2,895 compared to a typical 5% commission on the median listing price of $144,725. 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.