$891 Closing Credit*
$75,000
1,300 SqFt
3 Beds
•2 Full Baths
Carol Shaffer, Listing Office: Bower & Associates Inc., REALTORS
Housing Prices in Loraine, IL
How much do homes in Loraine, IL cost?
Median List Price
$89,900
$59/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
-$25,100(-21.8%)
Key Takeaway
The list price of homes in Loraine has decreased by 21.8% since last year.
Summary: The median home list price in Loraine was $89,900 in November 2024, down 21.8% from the previous year, and the median price per square foot was $59.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117.6K | N/A |
| 2 Bedrooms | $40K | $67.4K | +68.6% |
| 3 Bedrooms | $165K | $120K | -27.3% |
| 4 Bedrooms | $209.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Loraine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68.6%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Loraine | $115K | $89.9K | -21.8% |
| Keene Township | $115K | $89.9K | -21.8% |
Housing Supply in Loraine, IL
How many homes are available in Loraine, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Summary: The Loraine real estate market had 1 homes for sale in November 2024, a 50.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Loraine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Loraine, IL
How long does it take to sell a home in Loraine, IL?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 109 Days | 5 Days | -95.4% |
Summary: Homes in Loraine had an average listing age of 5 days in Nov 2024, down by 95.4% compared to the previous year.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.