Lorraine Terrace, IL Housing Market

Homes for sale | City guide

The median sale price of a home in Lorraine Terrace was $246K last month, up 9.2% since last year. The median sale price per square foot in Lorraine Terrace is $115, down 36.1% since last year.

Trends
Demand
Schools
Climate

Lorraine Terrace Housing Market Trends

What is the housing market like in Lorraine Terrace today?

In October 2024, Lorraine Terrace home prices were up 9.2% compared to last year, selling for a median price of $246K.

$230K

Sale Price

+2.2%
since last year

$115

Sale $/Sq. Ft.

-36.1%
since last year

Over List Price

Days on Market

Down Payment

0.0%

Total Homes Sold

To compare other locations to the Lorraine Terrace and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Waukegan add value to a home.

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View houses in Lorraine Terrace that sold recently

Recently sold homes

SOLD SEP 10, 2024
$230,000 Last Sold Price
4 beds
2.5 baths
2,000 sq ft
631 Lorraine Ave, Waukegan, IL 60085
List Price
$230,000
Sale to List
0% over list
Days on Market
558 days
631 Lorraine Ave, Waukegan, IL 60085
SOLD AUG 30, 2024
$261,500 Last Sold Price
3 beds
2 baths
2,025 sq ft
618 Lorraine Ave, Waukegan, IL 60085
List Price
$250,000
Sale to List
5% over list
Days on Market
86 days
618 Lorraine Ave, Waukegan, IL 60085

Schools in Lorraine Terrace

Learn about schools in the Lorraine Terrace area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Lorraine Terrace housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lorraine Terrace.

Flood Factor - Minor

23% of properties are at risk of severe flooding over the next 30 years

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

100% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

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