Loraine, IL Home Values & Market Trends
Real estate market trends reflect that there have been 6 transactions over the past year in Loraine. The median value for residential home transactions that occurred over the previous year is $168,523. The number of current listings in Loraine is 7, and the percentage of properties for sale in the city is 7.00%. Loraine, IL currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 7 properties for sale.
Loraine, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62349 | $ 168,523 $ -- |
Housing Market Summary for Loraine, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $167.5K | $167.5K | - |
| Median Sold Price | $96,125 | $147.1K | 53.03% |
| Homes For Sale | 5 | 7 | 40.00% |
| Homes Sold | 4 | 2 | -50.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Loraine, IL
Browse Homes in Loraine, IL
Loraine home values range from $50,900 to $276,769. The median estimated value of a home in Loraine is $168,523. The median list price of a home is 167,500, and the total count of properties in the city is 11.
- Pre-ForeclosurePre-foreclosure homes account for 9.09% of all residential properties in Loraine, IL with 62349 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Loraine, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $276,769 in 62349 to the lowest home value of $276,769 in 62349.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Loraine, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Loraine, IL. There is 1 zips within Loraine, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Loraine, IL. Auction homes and other auction properties account for 0% of all properties in Loraine, IL. There is 1 zips within Loraine, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Loraine, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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