$4,156 Closing Credit*
$349,999
2,096 SqFt
4 Beds
•3 Full Baths
Jamie Moody, Listing Office: Bridgeview Real Estate
Is Lorraine, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lorraine was a Buyer's Market.
Key Takeaway
Lorraine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lorraine, NY
How much do homes in Lorraine, NY cost?
Median Sold Price
$210,000
$103/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$97,500(+86.7%)
Key Takeaway
Homes in Lorraine have sold for 86.7% more than they did a month ago.
Summary: The median home sold price in Lorraine was $210,000 in December 2024, up 86.7% from last month, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | - | N/A |
| 3 Bedrooms | $145K | $345K | +137.9% |
| 4 Bedrooms | - | $75K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lorraine housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 137.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lorraine, NY
How many homes are available in Lorraine, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Lorraine real estate market had 13 homes for sale in December 2024, a 18.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lorraine housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lorraine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lorraine in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lorraine, NY
How long does it take to sell a home in Lorraine, NY?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 Days | 29 Days | +391.7% |
Summary: Homes in Lorraine had an average of 29 days on market in Dec 2024, up by 391.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lorraine are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Lorraine; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
