The Lorraine housing market is somewhat competitive. The median sale price of a home in Lorraine was $200K last month, down 5.9% since last year. The median sale price per square foot in Lorraine is $111, up 64.0% since last year.
What is the housing market like in Lorraine today?
In March 2024, Lorraine home prices were down 5.9% compared to last year, selling for a median price of $200K. On average, homes in Lorraine sell after 43 days on the market compared to 122 days last year. There were 6 homes sold in March this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$200,000
-5.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lorraine, MS
$200,000
-5.9%
United States
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How hot is the Lorraine housing market?
Lorraine is somewhat competitive. Homes sell in 12 days.
0
100
60
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 1% below list price and go pending in around 12 days.
Hot homes
can sell for around list price and go pending in around 3 days.
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 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lorraine.
Risk Factor
Flood Factor - Severe
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lorraine has a severe risk of flooding. 134 properties in Lorraine are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Lorraine. Flood risk is increasing faster than the national average.
92% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lorraine has a moderate risk of wildfire. There are 594 properties in Lorraine that have some risk of being affected by wildfire over the next 30 years. This represents 92% of all properties in Lorraine.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lorraine has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lorraine is most at risk from hurricanes. 640 properties in Lorraine have some risk of being in a severe wind event within the next 30 years.