Oberlin median home prices rose by 27.4% in May

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The median sale price of a home sold in May in Oberlin rose by $52,000 while total sales increased by 28.6 percent, according to BlockShopper.com.

In May, there were nine homes sold, with a median sale price of $242,000 - a 27.4 percent increase over the $190,000 median sale price for the same period of the previous year. There were seven homes sold in Oberlin in May 2021.

The median sales tax in Oberlin for the most recent year with available data, 2018, was $2,573, approximately 1.1 percent of the median home sale price for May.

The following table compares Oberlin to other Lorain County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
South Amherst26-66.7$297,500$99,000200.5
North Ridgeville544035$261,500$222,50017.5
Columbia Station111010$184,000$282,250-34.8
Sheffield Lake171513.3$152,000$160,000-5

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