Loraine, IL
Housing market overview · Updated weekly
$47,500median sale price
Homes sold
1
Last 12 weeks
Days on market
102
Average pace
Active listings
—
Sale-to-list
95.0%
Below asking
The Loraine housing market is currently classified as a buyer's market with a median sale price of $47,500. Prices have fallen 13.6% compared to last year, with homes spending an average of 102 days on market.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 Loraine
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Frequently asked questions
What is the average home price in Loraine?
The median home sale price in Loraine is $47,500, down 13.6% from last year.
How long do homes stay on market in Loraine?
Homes typically spend 102 days on market before going under contract.
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