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Featured local agent — Lake Lorraine, FL
Sarah Mitchell
Compass Real Estate · Lake Lorraine, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Lorraine, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$399,999median sale price
How is the Lake Lorraine, FL housing market right now?
The median home sale price in Lake Lorraine, FL is $399,999, down 8.1% year-over-year. Homes sell in an average of 71 days with 63 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Lorraine a buyer's or seller's market?
Lake Lorraine, FL is currently a buyer's market, based on 9.0 months of supply and homes selling in about 71 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
71
Average pace
Active listings
63
9.0 months supply
Sale-to-list
98.3%
Below asking
What does the Lake Lorraine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $399,999 |
| Median list price | $360,000 |
| Year-over-year price change | -8.1% |
| Average days on market | 71 days |
| Active inventory | 63 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $218/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 14 |
| Listings with a price cut | 20.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Lorraine by property type?
How the Lake Lorraine, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $432,500 | $222/sq ft | 6 | 70 days |
| Condo / Co-op | $185,999 | $214/sq ft | 1 | 46 days |
| Townhouse | $265,000 | $161/sq ft | 1 | 272 days |
Source: Redfin · Updated monthly
The Lake Lorraine housing market is currently classified as a buyer's market with a median sale price of $399,999. Prices have fallen 8.1% compared to last year, with homes spending an average of 71 days on market, indicating 9.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Lake Lorraine
There are currently 63 homes listed for sale in Lake Lorraine, Florida. The median listing price is $360K.
Active listings
63
Homes on market
Median list price
$360K
Avg. days on market
71
Days until sale
New this week
14
Newly listed
Who lives in Lake Lorraine?
Population
7,210
Median income
$91,619/yr
Median age
41.3 years
Owner-occupied
72.0%
College grads
48.9%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Lorraine?
Lake Lorraine is a community of approximately 7K residents with a median age of 41.3 years.The median household income is $91,619, which reflects a relatively affluent area with strong earning potential. 48.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 72.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Lorraine offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Lorraine, FL?
Want a head-to-head view? Compare Lake Lorraine side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Lorraine?
The median home sale price in Lake Lorraine is $399,999, down 8.1% from last year.
How long do homes stay on market in Lake Lorraine?
Homes typically spend 71 days on market before going under contract.
What is the median income in Lake Lorraine?
The median household income is $91,619 per year.
Is Lake Lorraine a buyer's or seller's market?
With 9.0 months of supply, Lake Lorraine is currently a buyer's market.
What is the median condo price in Lake Lorraine?
The median condo/co-op sale price in Lake Lorraine, FL is $185,999, compared to $432,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Lorraine?
The median single-family home price in Lake Lorraine, FL is $432,500 (about $222 per square foot).
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