The Lorraine Park housing market is somewhat competitive. The median sale price of a home in Lorraine Park was $137K last month, up 26.9% since last year. The median sale price per square foot in Lorraine Park is $75, down 44.5% since last year.
What is the housing market like in Lorraine Park today?
In October 2024, Lorraine Park home prices were up 26.9% compared to last year, selling for a median price of $137K. On average, homes in Lorraine Park sell after 6 days on the market compared to 11 days last year. There were 6 homes sold in October this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$136,500
+26.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Lorraine Park, IN
$136,500
+26.9%
United States
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How hot is the Lorraine Park housing market?
Lorraine Park is somewhat competitive. Homes sell in 21.5 days.
0
100
43
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 22 days.
Hot homes
can sell for about 2% above list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.0%
-19.3 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
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 Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lorraine Park.
Flood Factor - Minor
35% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lorraine Park has a minor risk of flooding. 77 properties in Lorraine Park are likely to be
severely affected
by flooding over the next 30 years. This represents 35% of all properties in Lorraine Park. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lorraine Park has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lorraine Park is most at risk from hurricanes. 562 properties in Lorraine Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 55 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.