$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
Since last month, Lorraine has remained a Buyer's Market.
Key Takeaway
Lorraine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lorraine, NY
How much do homes in Lorraine, NY cost?
Median Sold Price
$112,500
$115/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$27,500(+32.4%)
Key Takeaway
Homes in Lorraine have sold for 32.4% more than they did a month ago.
Summary: The median home sold price in Lorraine was $112,500 in November 2024, up 32.4% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $80K | N/A |
| 3 Bedrooms | - | $145K | N/A |
| 4 Bedrooms | $85K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lorraine housing prices by bedroom type for November 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 did not change, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Lorraine real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lorraine 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 November 2024, up by 100.0% month-over-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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 6 Days | -88.0% |
Summary: Homes in Lorraine had an average of 6 days on market in Nov 2024, down by 88% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 2 homes were sold in Lorraine; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
