Is East Chatham, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Chatham is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, East Chatham has remained a Seller's Market.

Key Takeaway

East Chatham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Chatham, NY

How much do homes in East Chatham, NY cost?

Median Sold Price

$590,000

$274/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$110,000(-15.7%)

Key Takeaway

Homes in East Chatham have sold for 15.7% less than they did a month ago.

Summary: The median home sold price in East Chatham was $590,000 in May 2024, down 15.7% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $700K-
N/A
3 -$590K
N/A
4 --
N/A
5+ --
N/A

Summary: East Chatham housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Chatham
-15.7%
Canaan
-15.7%

Housing Supply in East Chatham, NY

How many homes are available in East Chatham, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
45+25.0%

Summary: The East Chatham real estate market had 5 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 23
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The East Chatham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Chatham, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in East Chatham in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Chatham, NY

How long does it take to sell a home in East Chatham, NY?

Average Sale Time

Apr 2024May 2024CHANGE
3 Days105 Days+3400.0%

Summary: Homes in East Chatham had an average of 105 days on market in May 2024, up by 3400% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in East Chatham are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in East Chatham; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in East Chatham, NY

Nearby Markets to East Chatham, NY