Is Chatham County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chatham County has remained a Seller's Market.
Key Takeaway
Chatham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham County, GA
How much do homes in Chatham County, GA cost?
Median Sold Price
$355,979
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chatham County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Chatham County was $355,979 in May 2024, up 7.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $310K | +19.7% |
| 2 Bedrooms | $221.8K | $252.4K | +13.8% |
| 3 Bedrooms | $297.7K | $324.3K | +8.9% |
| 4 Bedrooms | $394.9K | $415.6K | +5.2% |
| 5+ Bedrooms | $459.3K | $502.6K | +9.4% |
Summary: Chatham County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Counties
| Chatham County | $330.3K | $355.9K | +7.8% |
| Bryan County | $369.8K | $395.1K | +6.8% |
| Effingham County | $320.4K | $342.2K | +6.8% |
Housing Supply in Chatham County, GA
How many homes are available in Chatham County, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,659 | 1,745 | +5.2% |
Summary: The Chatham County real estate market had 1,745 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 44 | +7.3% |
| 2 Bedrooms | 221 | 240 | +8.6% |
| 3 Bedrooms | 738 | 776 | +5.1% |
| 4 Bedrooms | 448 | 486 | +8.5% |
| 5+ Bedrooms | 211 | 199 | -5.7% |
Summary: The Chatham County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 431 | 451 | +4.6% |
Asking Price vs. Sold Price
203 Homes Were Sold
Under Asking
141 Homes Were Sold
At Asking
104 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham County, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 451 homes were sold or pending in Chatham County in May 2024, up by 4.6% month-over-month. Of the 448 sold homes, 45% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Chatham County, GA
How long does it take to sell a home in Chatham County, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +49.8% |
Summary: Homes in Chatham County had an average of 30 days on market in May 2024, up by 49.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 451 homes were sold in Chatham County; 6% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.