August 2021: Home prices in Grafton fell

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The median sale price of a home sold in August 2021 in Grafton fell by $92,000 while total sales remained unchanged with 11 homes sold, according to BlockShopper.com.

In August 2021, there were 11 homes sold, with a median sale price of $138,000 - a 40% decrease over the $230,000 median sale price for the same period of the previous year. There were 11 homes sold in Grafton in August 2020, as well.

The median sales tax in Grafton for the most recent year with available data, 2018, was $2,924, approximately 2.1% of the median home sale price for August 2021.

The following table compares Grafton to other Lorain County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Brentwood Lake21100%$183,442.50$180,0001.9%
Amherst2426-7.7%$180,000$207,500-13.3%
Oberlin141040%$175,000$200,500-12.7%
Eaton Estates42100%$144,900$139,0004.2%
Sheffield Lake201625%$141,500$137,9502.6%
Grafton11110%$138,000$230,000-40%
Vermilion211540%$134,900$115,00017.3%
Elyria1128433.3%$132,750$119,20011.4%
South Amherst25-60%$130,885$100,00030.9%
Pheasant Run41300%$112,000$135,900-17.6%
Lorain16110947.7%$98,000$69,90040.2%

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