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Lachine Housing Market Report June 2025•Alpena County, Michigan

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Housing Prices in Lachine, MI

How much do homes in Lachine, MI cost?

Housing Market Conditions

Is Lachine, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lachine is a Neutral Market

Difference Since May 2025

Last month, Lachine was a Seller's Market.

Insight

Lachine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$318,826$209/SqFt
+$2,876
+0.9%

Based on all homes sold in June 2025

Insight

Homes in Lachine have sold for 0.9% more than they did a month ago.

Summary: The median home sold price in Lachine was $318,826 in June 2025, up 0.9% from last month, and the median price per square foot was $209.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Ossineke Township
+73.1%
Lachine
+0.9%
Green Township
-5.7%
Wilson Township
-7.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1--
N/A
2$379.9K$287.6K
-24.3%
3$191.5K$350K
+82.8%
4$252K-
N/A
5$4.2M-
N/A

Summary: Lachine housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -24.3%. The home price for 3 bedroom homes increased by +82.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Lachine, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lachine, MI

Housing supply in Lachine, MI

How many homes are available in Lachine, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthJun 2025
142 months agoMay 2025
-14.3 %
Change MoMMay – Jun

Summary: The Lachine real estate market had 12 homes for sale in Jun 2025, a 14.3 % decrease compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJun 2025
42 months agoMay 2025
-50.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
101
+100.0%
232
-33.3%
366
0.0%
421
-50.0%
532
-33.3%

Summary: Lachine housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes decreased by -33.3%.

Asking Price vs. Sold Price

How much do homes in Lachine, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Lachine, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lachine in June 2025, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Lachine, MI

How long does it take to sell a home in Lachine, MI?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Lachine has remained consistent over time.

Summary: During June 2025, 2 homes were sold in Lachine; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
54 DaysLast MonthJun 2025
0 Days1 month agoMay 2025
0.0 %
Change MoMMay – Jun

Summary: Homes in Lachine had an average listing age of 54 days in Jun 2025, down by .0% compared to the previous month.

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Newest Listings in Lachine, MI

What homes are available in Lachine, MI?

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Nearby markets aren't available for Lachine, MI

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MLS Disclaimers and Copyright

Based on information from Water Wonderland MLS Inc., and RealComp II Ltd. for the period 05/01/2025 - 07/01/2025

IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.