130 homes sold in Lake Lorraine in the last year, at a typical $391K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Lorraine homes are listed.
Every place Lake Lorraine homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Lorraine.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 77% of Lake Lorraine’s sales, at a typical $437K (year to May 2026)
130 homes sold in the year to September 2026.
typical sale · 96 sold in the year to May 2026
- Per square foot
- $218FL $245
- Days to sell
- 87
- Sold over asking
- 7%
- Listings with a price cut
- 22%
Townhouses: 22 sold, typical $237K
Condos: 7 sold, typical $168K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.9 times the 2016 price
130 sales in the last year, against 208 in 2020 and a low of 100 in 2013. The typical sale went from $208K in 2016 to $391K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $400K buys in Lake Lorraine
Check a listing against what Lake Lorraine homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Lorraine are rarer than before the pandemic, and more homes are for sale
We read every month of Lake Lorraine’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 130 sales.
If you’re buying in Lake Lorraine
- Shop in October. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (10% over asking).
- Offer under asking. Buyers paid 96.9% of the list price on average; 10% paid over.
- You’ll usually have time. Only 27% of homes go under contract within two weeks; the typical one takes 89 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 17 a month), but July is the most competitive: 24% of July sales close over asking. October offers nearly as much choice with fewer homes bid up (10%). October has the least competition (10%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Lake Lorraine now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 10% | 16% | 35% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 27% | 3% | 31% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 96.9% | 98.4% | 99.1% | 96.4% |
| Days to sellMedian days from listing to contract | 89 | 81 | 14 | 75 |
52 homes for sale on a typical day
That’s 2.3 times the 2021 low (23) and 18% more than in 2017–19.
Since 2019, houses are up 58%, condos 42%
A house typically sold for $437K in the year to May 2026 (96 sales), a condo for $168K (7).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lake Lorraine ranks 241st of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Lorraine is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Lorraine home costs about $2,230 a month
Price: Lake Lorraine’s typical sale, last 12 months. Property tax at Lake Lorraine’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Lorraine is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $391K home, about $2,290 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Lorraine, from test results, graduation and how much students grow.
Schools in Lake LorraineTypical commute
The average one-way trip to work for people who live in Lake Lorraine.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Destin for far more
The busier markets within 25 miles of Lake Lorraine, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Destin | 765 | $581K | $411 | 4% | 118 |
| Fort Walton Beach | 359 | $366K | $218 | 10% | 66 |
| Wright | 318 | $321K | $212 | 13% | 60 |
| Lake Lorraine | 130 | $391K | $213 | 10% | 89 |
| Mary Esther | 81 | $341K | $220 | 8% | 71 |
| Ocean City | 77 | $343K | $212 | 16% | 51 |
| Valparaiso | 69 | $405K | $228 | 15% | 59 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Lorraine, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Lorraine. People who follow the town see it, and so do people comparing Lake Lorraine with their own town. No commission, no listing fee.
Questions about buying a home in Lake Lorraine
What do homes sell for in Lake Lorraine, FL?
130 homes sold in the year to September 2026 at a typical $391K, $213 a square foot.
Is Lake Lorraine a buyer’s or seller’s market?
A seller’s market: 50 homes were for sale in September 2026 and 13 sold, about 3.8 months of supply. Buyers paid 96.9% of asking on average.
When is the best time to buy in Lake Lorraine?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Lorraine?
About 0.6% of a home’s value a year. On a $391K home that’s near $2,290.
Where can I see homes for sale in Lake Lorraine?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Lorraine’s MLS listings; the search links above open each one filtered to Lake Lorraine.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).