$35,000
10.00 Acres
Land
Lisa Timm, Listing Office: Banner Realty
Is Lachine, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lachine has remained a Seller's Market.
Key Takeaway
Lachine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lachine, MI
How much do homes in Lachine, MI cost?
Median Sold Price
$245,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,000(+96.0%)
Key Takeaway
Homes in Lachine have sold for 96% more than they did a year ago.
Summary: The median home sold price in Lachine was $245,000 in October 2024, up 96% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $181K | N/A |
| 2 Bedrooms | $108K | $108K | 0.0% |
| 3 Bedrooms | $122.3K | $325K | +165.7% |
| 4 Bedrooms | $200K | $450K | +125.0% |
| 5+ Bedrooms | $204.7K | $880K | +329.8% |
Summary: Lachine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 165.7%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 329.8%.
Median Sold Price Compared To Nearby Cities
| Lachine | $125K | $245K | +96.0% |
| Green Township | $145K | $280K | +93.1% |
| Wilson Township | $152.4K | $117.5K | -22.9% |
Housing Supply in Lachine, MI
How many homes are available in Lachine, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Lachine real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lachine housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lachine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lachine in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lachine, MI
We’re sorry, we don't have information for this market at the moment
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