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Featured local agent — Lake Lorraine, WI
Sarah Mitchell
Compass Real Estate · Lake Lorraine, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Lorraine, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$268,500median sale price
How is the Lake Lorraine, WI housing market right now?
The median home sale price in Lake Lorraine, WI is $268,500, down 18.1% year-over-year. Homes sell in an average of 43 days with 3 active listings. The market is currently a seller'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, WI is currently a seller's market, based on 1.5 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
43
Average pace
Active listings
3
1.5 months supply
Sale-to-list
94.4%
Below asking
What does the Lake Lorraine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $268,500 |
| Median list price | $174,700 |
| Year-over-year price change | -18.1% |
| Average days on market | 43 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 94.4% |
| Median price per sq ft | $294/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Lorraine by property type?
How the Lake Lorraine, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $268,500 | $294/sq ft | 2 | 43 days |
Source: Redfin · Updated monthly
The Lake Lorraine housing market is currently classified as a seller's market with a median sale price of $268,500. Prices have fallen 18.1% compared to last year, with homes spending an average of 43 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Lorraine
There are currently 3 homes listed for sale in Lake Lorraine, Wisconsin. The median listing price is $175K.
Active listings
3
Homes on market
Median list price
$175K
Avg. days on market
43
Days until sale
New this week
2
Newly listed
Who lives in Lake Lorraine?
Population
251
Median income
$55,208/yr
Median age
37.4 years
Owner-occupied
69.9%
College grads
21.7%
Avg commute
27.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Lorraine?
Lake Lorraine is a community of approximately 0K residents with a median age of 37.4 years.The median household income is $55,208, which represents a working-class community with solid middle-income opportunities. 21.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.3 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, WI?
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 $268,500, down 18.1% from last year.
How long do homes stay on market in Lake Lorraine?
Homes typically spend 43 days on market before going under contract.
What is the median income in Lake Lorraine?
The median household income is $55,208 per year.
Is Lake Lorraine a buyer's or seller's market?
With 1.5 months of supply, Lake Lorraine is currently a seller's market.
How much does a single-family home cost in Lake Lorraine?
The median single-family home price in Lake Lorraine, WI is $268,500 (about $294 per square foot).
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