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LORAINE, IL 62349

Real Estate Market Report  ·  Adams County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
2
67% pending ratio
Median Price
$214,950
⇧ 196.7% vs $72,450 last year
Average Price
$214,950
⇧ 196.7% vs $72,450 last year
Days on Market
72
⇧ 44% vs 50 days last year

Market Context

Population: 680  ·  Density: 5.7/mi²  ·  Median household income: $59,643

Typical home value: $99,872  ·  Homeownership: 86.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LORAINE, IL real estate market (62349) currently shows 3 active listings, with 2 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 50 days last year.

The median listing price has risen 196.7% year-over-year, from $72,450 to $214,950.

Whether you are buying or selling in LORAINE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 72 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $214,950 (+196.7% YoY)
  • Average: $214,950 (+196.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.6 miles — 109 listings ($19,978,675 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62349Loraine, IL 623490.0 mi3$644,850$214,950$214,950
62351Mendon, IL 623515.3 mi3$673,500$160,000$224,500
62339Golden, IL 623398.8 mi1$259,000$259,000$259,000
62376Ursa, IL 6237611.6 mi2$1,650,000$825,000$825,000
62338Fowler, IL 6233812.4 mi1$210,000$210,000$210,000
62346La Prairie, IL 6234614.1 mi2$449,900$224,950$224,950
62334Elvaston, IL 6233415.9 mi1$49,900$49,900$49,900
62324Clayton, IL 6232417.6 mi4$1,491,200$157,400$372,800
62341Hamilton, IL 6234118.5 mi13$2,489,721$161,450$191,517
62367Plymouth, IL 6236719.8 mi1$69,900$69,900$69,900
62375Timewell, IL 6237521.0 mi1$129,900$129,900$129,900
62347Liberty, IL 6234721.8 mi1$375,000$375,000$375,000
52632Keokuk, IA 5263222.6 mi76$11,485,804$99,500$151,129

Frequently Asked Questions

How many homes are for sale in LORAINE, IL 62349?

As of January 2026, there are 3 active listings in LORAINE, IL (zip code 62349), compared to 1 the prior year.

What is the median home price in LORAINE, IL 62349?

The median listing price in LORAINE, IL 62349 is $214,950 as of January 2026, a 196.7% increase from $72,450 the prior year.

How long do homes stay on the market in LORAINE, IL?

Homes in LORAINE, IL 62349 spend an average of 72 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in LORAINE, IL 62349?

Based on current inventory and days-on-market data as of January 2026, LORAINE, IL 62349 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 50 days last year.

How much can I save on real estate commission in LORAINE, IL?

With SELL123.com's maximum 3% commission, sellers in LORAINE, IL 62349 save an estimated $4,299 compared to a typical 5% commission on the median listing price of $214,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.