Lachine condo market — July 2025
Based on 16 actual sales · CourtiConnect
Market context: condo in Lachine
In July 2025, the Lachine condo market recorded 16 sales, establishing a median price of $415,000 and an average price of $436,775. This performance places Lachine meaningfully below the broader Montréal market, where the median condo price over the trailing twelve months stood at $558,800 across 852 documented sales. Lachine's neighbourhood median sits 25.7 percent below the city as a whole, reflecting its position as a more affordable segment within the metropolitan housing landscape and underscoring its appeal to buyers seeking value within the greater Montréal area. The pace of sales in Lachine during this period was marked by an average of 47 days on market, a metric that suggests a balanced rhythm in transaction velocity. This timeframe indicates neither a heated seller's market nor a sluggish buyer's market, but rather a stable equilibrium where properties move through the sales cycle at a measured pace, allowing both buyers adequate time to make informed decisions and sellers reasonable opportunity to attract qualified interest without excessive carrying costs. Among the 13 documented sales with recorded asking prices, the average sale-to-asking price ratio reached 0.992, a figure that reveals modest buyer leverage in negotiations. Properties were selling at approximately 99.2 percent of their listed asking price on average, suggesting that while sellers retained relative strength in pricing, buyers maintained enough market presence to prevent consistent above-asking transactions. This ratio underscores a market where neither party holds overwhelming negotiating power, though the slight discount from list price indicates buyers could secure modest concessions in most transactions. The building profile across the 16 sales showed a decidedly newer inventory composition, with no condos built before 1980, 44 percent constructed between 1980 and 2010, and 56 percent built after 2010. This construction-period distribution reflects a Lachine market dominated by contemporary and recently developed properties, suggesting that buyers have access to units with modern systems, updated finishes, and building infrastructure generally aligned with current standards and expectations. Among the 16 recorded sales, 6 percent were concluded without a legal warranty of quality, a figure that falls within normal scope for real estate transactions. Buyers engaging in such purchases, as with any residential acquisition, would ordinarily conduct property inspections and standard due diligence to verify the physical condition and systems of the unit prior to closing. For buyers, Lachine's affordability premium relative to Montréal combined with its contemporary housing stock presents a compelling value proposition. For sellers, the balanced market conditions and steady transaction pace support realistic pricing strategies that can attract qualified purchasers within a reasonable sales horizon. To explore how a specific property in Lachine compares to current market conditions, consider using the real estate estimator tool to generate a detailed valuation.