Homes for Sale Under 500K in Lorain, OH

795 Homes for Sale

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Price CutPrice Drop: $10K
Photo 3 of Single family home for sale at 6077 Lake Ave, Elyria, OH 44035 | MLS# 5251069 | Listing updated on 2026-10-20Photo 1 of Single family home for sale at 6077 Lake Ave, Elyria, OH 44035 | MLS# 5251069 | Listing updated on 2026-10-20Photo 2 of Single family home for sale at 6077 Lake Ave, Elyria, OH 44035 | MLS# 5251069 | Listing updated on 2026-10-20

$239,900

count-img 5

3Bds

2Ba

1,767sqft

Single family home for sale

6077 Lake Ave, Elyria, OH 44035

Keller Williams Greater Metropolitan. Listing provided by Mls Now

Price CutPrice Drop: $10K
Photo 3 of Single family home for sale at 425 West Ave, Elyria, OH 44035 | MLS# 5236104 | Listing updated on 2026-10-14Photo 1 of Single family home for sale at 425 West Ave, Elyria, OH 44035 | MLS# 5236104 | Listing updated on 2026-10-14Photo 2 of Single family home for sale at 425 West Ave, Elyria, OH 44035 | MLS# 5236104 | Listing updated on 2026-10-14

$239,900

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5Bds

3Ba

3,204sqft

Single family home for sale

425 West Ave, Elyria, OH 44035

Coldwell Banker Schmidt Realty. Listing provided by Mls Now

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Lorain, OH Housing Market Overview

Lorain is a balanced market, giving buyers and sellers room to negotiate. With 2.2 months of supply and homes averaging 55 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

55

Inventory

115

Sep 2021Mar 2024Mar 2026

Median Home Price

$165,000Up 0.23%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
115 Down 0.21%
Newly Listed Homes
67 Down 0.14%
Months of Supply
2.2 Down 1.00%

Housing Demand

Homes Sold
53 Down 0.00%
Sale-to-List Ratio
98.4% Down 0.07%
Homes Sold Above List
37.7% Down 1.39%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Lorain Market Report
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  • mls-img
    Based on information from the Board/Association of REALTORS® (alternatively, from the Service) through Oct 20, 2026, 10:15 PM. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings held by brokerage firms other than Houzeo are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed.
    Houzeo participates in MLS Now IDX program, allowing us to display other IDXP’s’ listings on our website. However, Houzeo does not display the entire MLS Now IDX database on this website. The listings of some real estate brokerage firms have been excluded. The photos may be altered, edited, enhanced or virtually staged. © 2026 Multiple Listing Service, Inc. All Rights Reserved
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Lorain, OH Housing Marketlink qauare
Homes Available icon

795

Homes Available

Median List Price icon

$ 165,000

Median List Price

Avg on Market icon

55 Days

Avg on Market

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